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SpawnyXBT
Jan 19, 2019 1:22 PM

1WEEK BTC-USD Bear Pennant Short

Bitcoin / DollarBitfinex

Description

As you can see we have a Bear pennant set up for 1Week movements.

The resistance was tested for 4300$ area without great success from BULLS.
So the area transformed itself into a consolidation area for the next BEAR-RUN.

That was technical.

Fundamentals for the upcoming week:

  • No BAKKT & New date set soon to be announced. Due to Federal Government Shutdown
  • VanEcks ETF Auto-Deny probably with One-Pager explanation. Due to the Federal Government Shutdown
  • Miners fleeing in major number bitcoinwisdom.com/bitcoin/difficulty
More