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Pennywick
Oct 28, 2021 12:24 PM

BTC - Bear Pennant Rejected 

Bitcoin / United States DollarCoinbase

Description

The .236 Head and Shoulders break target held with a wick; then a move to the upside off the apex of the consolidation pennant. The H&S Pattern is now in the books; confirmed with the shallowest of retracements. Now tracking the beginnings of a Bull Flag. The Bull Case sees continuation through the bull flag; a back test of the H&S neckline is also a spot to watch as that zone has been a place of demand.
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