1. Massive uptrend that has blown past previous support and resistance
2. A bearish pennant pattern is forming
3. Price action is trying to close and trade above the $70k mark
Things to watch for to signal the BULLS are back ๐
1. Price trading consistently above the $70k mark
3. A break above the pennant pattern with a retest to signify the bulls have entered
3. We will take it to the previous high or the next QP which is $72.5k
2. A bearish pennant pattern is forming
3. Price action is trying to close and trade above the $70k mark
Things to watch for to signal the BULLS are back ๐
1. Price trading consistently above the $70k mark
3. A break above the pennant pattern with a retest to signify the bulls have entered
3. We will take it to the previous high or the next QP which is $72.5k