Bitcoin Pennant spotted!
Looks like Bitcoin´s current correction is now ready for an uptrend rally, or about to be.
I have spotted a traditional "pennant formation" which could shoot up to $48250-$48700 or perhaps even touch/briefly break, the prior $49000 "Bitcoin Spot ETF" high which took place Jan 11, 2024.
Entry points should be sought after pullback, at the $43380-43400 area or so.
Have a nice (LONG) trade.
:)
I have spotted a traditional "pennant formation" which could shoot up to $48250-$48700 or perhaps even touch/briefly break, the prior $49000 "Bitcoin Spot ETF" high which took place Jan 11, 2024.
Entry points should be sought after pullback, at the $43380-43400 area or so.
Have a nice (LONG) trade.
:)
Trade active:
Pullback in place and Pennant target on its way!
Trade closed: target reached:
Pennant practically complete.