As the resistance at the top of the descending wedge was broken, a quick redraw reveals a pennant.
Bears have been sat adding to their shorts as they become increasingly confident the price will drop sub 6k inside the descending wedge they all have drawn up on their charts.
Blind to the fact that a pennant has been painted, if they don't start to explore other possibilities, there is a good chance they will be liquidated into hibernation.
Bears have been sat adding to their shorts as they become increasingly confident the price will drop sub 6k inside the descending wedge they all have drawn up on their charts.
Blind to the fact that a pennant has been painted, if they don't start to explore other possibilities, there is a good chance they will be liquidated into hibernation.