BTC pumped yesterday painting a beautiful 15% candle that was created by a short squeeze liquidation which wiped out $50 mil on Binance only.
Now we find ourselves back in the good old pennant. We have an immediate resistance just above current price levels and then the classic support at 30k, which so far held quite well and as indicated last time, we have now created a higher low and a higher high on the chart! BULLISH!
4h indicators are rather neutral at this time, however, on daily the indicators are curving up nicely which means as long as we don't drop out of this pennant again, we're looking posed for new highs!
Possible paths on the chart. The first real resistance is at 38k so we need to clear that if we want to have a shot at ATH again.
What do you think? Like and follow if you liked this idea!
Now we find ourselves back in the good old pennant. We have an immediate resistance just above current price levels and then the classic support at 30k, which so far held quite well and as indicated last time, we have now created a higher low and a higher high on the chart! BULLISH!
4h indicators are rather neutral at this time, however, on daily the indicators are curving up nicely which means as long as we don't drop out of this pennant again, we're looking posed for new highs!
Possible paths on the chart. The first real resistance is at 38k so we need to clear that if we want to have a shot at ATH again.
What do you think? Like and follow if you liked this idea!
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