VrinceCrypto
Short

End of BTC pennant - Short

BINANCE:BTCUSDT   Bitcoin / TetherUS
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21
I think we almost reached the end of the bullish run and the completation of the bearish pennant patter is almost there.

I think it will try a weak breakout and then we're going for a retest of 4k area.

I'm starting my short right now, placing a stop loss at 7300.

1st TP at 5000
2nd TP 4600
3rd TP 4300

Comments

It looks to me more like a ascending triangle with constant higher lows So I think we will break upwards
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hello. do you still think of short or have changed your mind to long ?
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@amirkho, i'm sticking with the plan, my stop loss is at 7300. I stopped second guessing myself :)
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maybe, although I expect that the price could rise near the blue line on your chart before falling
+1 Reply
VrinceCrypto bestfarbit74
@bestfarbit74, it that happens it'll trigger my stop loss at 7300 before reaching that line since it's not going to respect the pennant pattern anymore. It's a possibility.
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its going long till 7.6k, beware.
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VrinceCrypto lazarus_vb
@lazarus_vb, Highly unlike but ok, let's see what happens, the breakout might be less-weak than expected.
+1 Reply
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