BTC is forming a huge bear pennant on the 1h against USDT. When it breaks I'll probably go short. I expect a lot of previous support at the 38K -39K level but if that doesn't hold we're probably will be going to the mid thirties.
Would you guys short this if it breaks?
BTC is currently in a descending triangle after a bull run, it's repeating.
Yeah pretty self explanatory, idk about anything tho so take it with a grain of salt. Consider it an educational post about chart patterns maybe
Btc struggling to continue the uptrend. For long term btc is bullish for mid term it looks like bears might take control. Its better to avoid long positions follow strict stop loss. If bears take control can see 35k -30k region and even lower. If break above 48k then we are bullish and this bull run will continue!