Bitcoin | Descending Channel & Bearish Pennant ..!!

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 11, 2019 6:37 AM

BTC/USD (Bitcoin)

As All You Know, BTC is Moving Inside the Descending Channel Since 26th June..That Means,Forming Lower lows & Higher Lows, It's in Downtrend..

Now Inside the Channel, Forming Bearish Pennant Pattern & Rejected EMA21 As Well..That Means, We Could Seen Another Lower low in Coming Days.

If Pennant Broke down then Target will be Descending Channel's Support (6400)

If Pennant Broke upside then It Might Test the Descending Channel's Key Resistance (8400)

Volume is Decreasing As well , That Mean Big Moving is Ahead So Be Ready For Both Scenarios.

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Bitcoin Price Prediction by 2020..!!

Comments

Boon2

⋅ Dec 12, 2019 3:51 AM

Maybe like this.

Faibik

⋅ Dec 12, 2019 8:01 AM

@Boon2 looks good...

Faibik

⋅ Dec 12, 2019 8:01 AM

@Boon2 thanks for Sharing here

Faibik

⋅ Dec 12, 2019 8:02 AM

@Boon2 Can you Explain it Little bit

Faibik

⋅ Dec 12, 2019 3:40 AM

Thanks all For Continuous Support & Appreciations..!!

Love From Captain 👩‍✈️

pro_DLT

⋅ Dec 11, 2019 10:26 AM

but all my scenario depends on break 7000 support level

Faibik

⋅ Dec 11, 2019 10:35 AM

@pro_DLT Yeah, If Bearish Pennant Broke then it’s possible

pro_DLT

⋅ Dec 11, 2019 10:21 AM

in 4H time frame we can see adam and eve pattern is being formed... if completed we can see 6300 to 6400 zone that 38% fibo is there...

also in 1D timeframe

in falling channel we need to see LL that goes to 6400-6300

Faibik

⋅ Dec 11, 2019 10:35 AM

@pro_DLT Agreed With your charts

Faibik

⋅ Dec 11, 2019 10:36 AM

@pro_DLT Thanks For Sharing Your Opinion with us