Sharifmoghadam

Large Pennant on BTC

BITMEX:XBTUSD.P   Bitcoin
We got a big pennant here on 4H chart which MA128 on the bottom got very good support in previous drop, also EMA200 is our next support which is tough to break.

I my opinion and my analysis if we breakout the pennant from the top it would leads BTC up to 50K even. BUT, if we have a breakout in other direction and both supports were unable to do their job then we can see BTC on 25K probably.

I really hope it helps someone else to has better view of chart and i really like to know your idea and opinion about my idea and make me right if im wrong anywhere here, i really appriciate it

Thanks

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