#BTC We can work out the bear pennant

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The descending channel still directs the market movement down, we can work out the bear pennant . As we see, the market fails to consolidate above current resistances. To get a reversal, most likely, we will look for the soil below. 3580 is a good support, but nobody canceled the opportunity to break through the levels below. You should not panic, such drawdowns are noticeable in the entire history of the formation of the graph. Such situations are not the end, but only the opportunity to catch an asset at a low price.
In the previous post warned that there are no comfortable conditions for continued growth, right now you can see how the price has stepped down. At the moment we have the opportunity to decline a little more. Support remains at around 3580, but nobody canceled the opportunity to break through the levels below.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out