Bitcoin

btc in a 1 hr falling bull pennant

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Being that we are still in the thick of the bull market, probability favors this eventually breaking up....if it breaks up where I have marked the dotted green line then the target listed here will be the measured move...however the outcome of breaking upward might be so obvious that the opposite happens instead so we must always wait for a confirmed breakout or breakdown either way. Probability favors the upward break but that is by no means financial advice of any kind. Also important to remember on a small time frame chaert like the 1hr timeframe patterns get invalidated all the time even in as roaring a bull market as this so a breakdown is still very much possibility. My guess is however that the ascending red trendline will maintain support.

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