Dropping our time frame to find at least something

23 באוק׳ 2018

Morning guys,

BTC shows so weak volatility that it couldn't even complete the minimal upside targets. Still now on 1H chart it is a clear shape of
pennant/triangle pattern which potentially is continuation one, i.e. bearish in our case.

We still keep our bearish view on BTC and do not see any factors that could support demand for BTC right now. Thus, any bearish continuation
pattern inside the triangle could be used for short position taking.