Follow the trend . BTC repeating Short

Bitcoin / TetherUSBinance

Description

⋅ May 30, 2021 10:01 AM

As we know pennants in a downtrend are bearish and usually play out in a 5 wave move ending with a weak wave 5 and a strong hammer down. Pattern was similar but on a smaller scale at previous levels indicating we're closer to the bottom

Trend Analysis

Comments

hodler15

⋅ May 30, 2021 10:24 AM

Nice idea . What are the targets

rareGear96

⋅ May 30, 2021 10:32 AM

@hodler15, No clear targets, but possibly a retest of previous local trend ~24k or previous cycle top at 20k

isk103lI03llt

⋅ May 30, 2021 10:08 AM

hmm didn't see it this way, very good view.

Juvssss

⋅ May 30, 2021 10:06 AM

Interesting. Great idea