Bitcoin has broken out of the descending wedge which is usually bullish and a reversal sign but as of right now things are looking pretty bearish, this could be short term keep that in mind. We are stuck below the 0.5 FIB level and are seeing some red today. The 21 SMA has crossed the 200 day officially and this indicator is very bearish (Death cross)...
BTCUSD is situated into this bearish pennant from 26 november 2018 until today and it most likely in late this month or february we will have a huge,massive and fast breakdown untill 1800-1900$. What is important to understand,i m not a permabear or permabull but this chart is extremly bearish
Beriash pennant is a continuation pattern and NOT a reversal pattern...
