Bitcoin | Descending Channel & Bearish Pennant ..!!

11 בדצמ׳ 2019

BTC/USD (Bitcoin)


As All You Know, BTC is Moving Inside the Descending Channel Since 26th June..That Means,Forming Lower lows & Higher Lows, It's in Downtrend..

Now Inside the Channel, Forming Bearish Pennant Pattern & Rejected EMA21 As Well..That Means, We Could Seen Another Lower low in Coming Days.

If Pennant Broke down then Target will be Descending Channel's Support (6400)

If Pennant Broke upside then It Might Test the Descending Channel's Key Resistance (8400)

Volume is Decreasing As well , That Mean Big Moving is Ahead So Be Ready For Both Scenarios.



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