bitcoin is not looking good right now !!
Updated
btc is forming bearish pennant on 4 hours timeframe. which isn't bullish continuation indication. it's looking very bad.
withing few hours PPI (producer price index) report will be published around 8:30 A.M. Eastern Time)
I am hoping for bullish news if we do get the bearish news. we will see significant drop in bitcoin price.
if you are holding bitcoin in spot you don't have to worry. but future traders have to be aware of price action and what bitcoin is doing.
don't fomo or panic. things will get better. i will be updating this idea time to time.
if we do break upside we will see massive pump to 19k if downside we will see 13-14k :)
withing few hours PPI (producer price index) report will be published around 8:30 A.M. Eastern Time)
I am hoping for bullish news if we do get the bearish news. we will see significant drop in bitcoin price.
if you are holding bitcoin in spot you don't have to worry. but future traders have to be aware of price action and what bitcoin is doing.
don't fomo or panic. things will get better. i will be updating this idea time to time.
if we do break upside we will see massive pump to 19k if downside we will see 13-14k :)
Note
look like we have breakout of that patten but we can still fakeout easily .. if we didn't break the last swing high
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.