We look to be setting up for one last drop on Bitcoin. Currently opening shorts up around the top of the smaller pennant around $3740. With plans to add to my short if we somehow break that and push towards the top of the larger pennant in play. Looking to see the support zone break below $3450 with targets in the $2900-3100 range to close our shorts and flip long.
There's a small chance we bart up, so don't go too crazy with leverage on the short, make sure to have stops in place if we break out of the larger pennant and hopefully our next update will be discussing the break upwards from $2900-3100.
There's a small chance we bart up, so don't go too crazy with leverage on the short, make sure to have stops in place if we break out of the larger pennant and hopefully our next update will be discussing the break upwards from $2900-3100.