BitcoinMis à jour Bitcoin: could it be flat correction (bull pennant)?
The bulls (whales) are very persistent. They've almost convinced me of their determination.
If we only look at the short-term, it does appear that BTC is drawing a bull pennant (with flat correction).
While it's currently below the trend line, it does look like the whales are going to push price above it again.
We also see decreasing volume & volatility, both make for targets of manipulation.
My gut feeling is that we'll make a higher high now. But I'm being disciplined & want to trade against my gut feelings.
If we only look at the short-term, it does appear that BTC is drawing a bull pennant (with flat correction).
While it's currently below the trend line, it does look like the whales are going to push price above it again.
We also see decreasing volume & volatility, both make for targets of manipulation.
My gut feeling is that we'll make a higher high now. But I'm being disciplined & want to trade against my gut feelings.
Note
slight bearish divergence in the last few daysNote
interesting read: samuraitradingacademy.com/7-best-price-action-patterns/pennant in dishonorable mention
Note
unsurprisingly, pumped right back above the old support --- no resistance at allNote
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.