I am a beginner trader in crypto but finally I'm starting to lock in some small profits and in the meantime gain some experience. I am posting here as an idea and by every trade you do is at your own risk, understand that trading cryptocurrency is a very risky.
The beashish pennant formed exactly as the right inverted shoulder was being completed and a small false breakout happened after crossing the neckline. The size of the mast of the bearish pennat should give us a correction until hopefully we will reach the buy area around 9600 USDT. BTC should hopefully bounce off the soft resistance off the Fibonnaci and head upwards again. If it breaks through the soft support, then we will be looking at a further downtrend until we reach the hard support. Hope that you had collected some Satoshi along the way from this correction, there are still some left to harvest and then hopefully we will start to enjoy an uptrend with increased BTC value again. The news about BTC has been unfavourable towards BTC during this correction which seems like it is becomming a regular pattern. Let's see if during the bounce we will start also to hear about the positive news on BTC an the price will be pumped up again. ;)
The beashish pennant formed exactly as the right inverted shoulder was being completed and a small false breakout happened after crossing the neckline. The size of the mast of the bearish pennat should give us a correction until hopefully we will reach the buy area around 9600 USDT. BTC should hopefully bounce off the soft resistance off the Fibonnaci and head upwards again. If it breaks through the soft support, then we will be looking at a further downtrend until we reach the hard support. Hope that you had collected some Satoshi along the way from this correction, there are still some left to harvest and then hopefully we will start to enjoy an uptrend with increased BTC value again. The news about BTC has been unfavourable towards BTC during this correction which seems like it is becomming a regular pattern. Let's see if during the bounce we will start also to hear about the positive news on BTC an the price will be pumped up again. ;)
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