Short Term #Bitcoin (next 24-48 hours) Pennant Consolidation

Bitcoin / DollarBitfinex

Description

⋅ Mar 8, 2018 3:39 PM

Not a Pennant pattern, but so far appears to be a consolidation within a downtrend. Bias remains to more downside action once consolidation ends.

Comments

Manifested

⋅ Mar 8, 2018 3:47 PM

I've been eyeing this zone for some time now, first based off a bearish shark harmonic and more recently based on micro elliott wave counts:

We'll see if it holds.