Bitcoin sitting at triangle apex. Could break either way but looks like a bearish pennant to me which could take us below our weekly SMA200 before Christmas. We have hidden bearish divergence on the 3H MFI so this could break to the downside. TP targets set by using 138.2 and 161.8 fib extensions from the pole height and height of the pole itself taken from the height of the pennant (**it's meant to be subtract from top of pennant on the chart not add).
There is bullish divergence on the daily MFi and hidden bearish divergence on the weekly MFI so expecting a bounce at some point, possibly January, followed by a stronger move down (capitulation?).
There is bullish divergence on the daily MFi and hidden bearish divergence on the weekly MFI so expecting a bounce at some point, possibly January, followed by a stronger move down (capitulation?).
노트
Looks like a falling wedge printing on the lower time frames and we have bullish divergence on the 3H MFI this time so we might have a corrective bounce from here to test channel resistance.노트
New analysis:
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.