BTC Daily Pennant consolidation continues
BTC continues to form a pennant on the daily. Pennant patterns generally are consolidation before resuming the prevailing trend. A break to the downside of this pattern would indicate another leg lower, possibly to the 2800-3200 support area. A break to the upside could intimate a longer consolidation period.
Nota
BTCUSD has broken below the pennant on the 4H and is on its way on the Daily. This is where an aggressive entry may be taken, with a more conservative entry when it breaks below the bottom of the pennant.
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Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz
Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
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