Price is ranging inside a 4h support zone around 44.2k which is a little more refined area of the 12h resistance zone . MACD is showing bullish weakness, RSI is overbought and EMAs are turning bullish . Triangle Pennant is formed and Breakout is expected anytime soon.
Watch out for for lower timeframe bullflags and ABC correction and BUY Bitcoin!
**Trade Idea:**
- Watch for price to break the pennent
- Enter with stops below the 43200
- Hold on tight for another bullrun!
Mid-Term: Bullish
Short-Term: Bearish
Watch out for for lower timeframe bullflags and ABC correction and BUY Bitcoin!
**Trade Idea:**
- Watch for price to break the pennent
- Enter with stops below the 43200
- Hold on tight for another bullrun!
Mid-Term: Bullish
Short-Term: Bearish