tradermoth

Bitcoin - BULL PENNANT...

BINANCE:BTCUSDT   Bitcoin / TetherUS
Keep it plain, simple and minimize the noise!

Here we see a bull pennant on the Bitcoin daily, only problem is that this is an inverted chart...

Inverting the chart is great to really bring things into perspective sometimes and see what your missing.

If this confirms, it could have the potential to break the neckline on the massive inverse head and shoulders we just covered and completely toast all bulls in sight.

At the moment - the market is sideways, choppy and RISKY.

I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.

Bearish 2022?
What do you think?

Comment your ideas below : )

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