Be careful guys, BTC is forming "inverted pennant" now
As you can see, BTCUSDT is forming inverted pennant on a 4h time frame (and 6h, 8h & 1D) with the decreasing volume.
That is a bearish sign.
Manage your risks, because BTC has the two levels of the global rising from Aug that wasn't touched during this correction yet. They are around 41k and 38k, where I'll put my "long" limit orders, with the target around 46k. Because I'm still bullish. NFA.
Have a nice day
That is a bearish sign.
Manage your risks, because BTC has the two levels of the global rising from Aug that wasn't touched during this correction yet. They are around 41k and 38k, where I'll put my "long" limit orders, with the target around 46k. Because I'm still bullish. NFA.
Have a nice day
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