Dude56

Bitcoin broke support and may retest pennant support (SMMA 200)

Short
Dude56 Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Bitcoin just completed a bearish pattern and may fall to the green line to retest the support. We have this huge pennant and in case Bitcoin breaks it up we will see a huge pump and in case it breaks down it may fall really hard. At this moment we are facing a lot of sideways and we will probably retest the pennant bottom that is also SMMA 200 and fibonacci target. So i would say that Bitcoin might fall to 6.3-6.7K area in the next days/weeks. Indicators are also bearish confirming another wave down for Bitcoin.
Comment:
Retested as predicted.

Dude channel:
t.me/thedude0ne
Dude chat:
t.me/dudearmy
Dude Twitter :
Twitter.com/thedude0ne
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.