Bearish Pennant 4H BTC

24 במרץ 2020

Appears to be a bearish pennant forming on the BTC chart. Looking for a trade to the downside, potential break on the fourth test of the lower trendline, with a target in the region of ~3K. Open a short position on the break of the lower trendline provided we see volume confirmation. Could wait for a retest but this move could be quite dramatic and inertia could push the price down preventing a retest from taking place.