Hello!
Keeping this short!
We have a bearish pennant forming after the expected drop from my previous analysis where it looks like it will more than likely close at the trendline and with the RSI forming a bearish wedge. I am seeing nothing but BEARS BABY! BTC looks like it is trouble. Safe to short as close to the TL as possible.
TP will be at the green trendline although i do expect to go lower.
If we break above the pennant i will be monitoring the yellow trendline on top of the pennant with the expectation to possibly rise.
Have a good day!
Keeping this short!
We have a bearish pennant forming after the expected drop from my previous analysis where it looks like it will more than likely close at the trendline and with the RSI forming a bearish wedge. I am seeing nothing but BEARS BABY! BTC looks like it is trouble. Safe to short as close to the TL as possible.
TP will be at the green trendline although i do expect to go lower.
If we break above the pennant i will be monitoring the yellow trendline on top of the pennant with the expectation to possibly rise.
Have a good day!
Komen:
Short at 6820 and TP at 6460. SL at 6860.
Komen:
9:1 RR.