Bitcoin primed for a new low.

26 thg 8

Last night price rejected off a critical zone (65k) for bulls to retake and flip to support for a continuation up . On the 4h there was bullish pennant that had formed, however we had a false breakout and as we speak price is retesting the pennants lower trendline support around 63.8. If we zoom out to the daily timeframe, we have formed a bearish channel, with a bear flag inside. We still have a death cross on the daily SMA's. Price is likely to test the lower boundary of that channel and test 44k by early September. Plan accordingly.

Happy Trading.

26 thg 8

Ghi chú

4h Pennant FALSE breakout