Bitcoin and the Weekly Bull Pennant
So far we are still working out way to filling out the weekly pennant. Another touch and rejection of the top, somewhere around the 9500 region would be perfect. All in all i'm still confident this is the pattern that truly matters for Bitcoin. The DMI, Momentum and RSI weekly trend lines all match up to this system perfectly.
The best breakout time? Somewhere around early September. The measured move is in the 75,000 region. God damn this would be a great scenario.
Do I believe 10k will break before then? No personally I don't. Of course it absolutely could but this pennant is strong and I really do think it will hold.
Keep an eye on it people and don't FOMO unless we close a weekly above this pennant.
The best breakout time? Somewhere around early September. The measured move is in the 75,000 region. God damn this would be a great scenario.
Do I believe 10k will break before then? No personally I don't. Of course it absolutely could but this pennant is strong and I really do think it will hold.
Keep an eye on it people and don't FOMO unless we close a weekly above this pennant.
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