The BTCUSD is located in this bearish pennant from November 26, 2018 to today and it is very likely that by the end of this month or February we will have a huge, massive and fast breakdown up to $ 1800-1900.
The Beriash pennant is a continuation pattern and NOT a reversal pattern, which means that the price will probably go down once again. In the first place, we went down by 51%, from November until today we are in a consolidation zone and we will soon continue to fall until these objectives are achieved.
Macd little by little wants to go to the green zone, but probably only these two lines will touch each other and then make a bear crossing. Why? If we cross, we will go up hard, which means REVERSAL but:
-We have a strong weekly resistance of MA in 3758 and then in 4327
-The red pennant is a continuation pattern, so we'll drop it.
-RSI is above 30, so we have more space to drop
-MA Bearcross in February at monthly time intervals (at this time, each MA in monthly is acting as resistance, so DO NOT WAIT 5K BECAUSE WE ARE NOT GOING TO 5K AT THE TIME
-MACD in the monthly period is too high, we need more correction until we reach the neutral zone -0-
-We can go up to the maximum of 43xx, but then we will go down (or we will climb secondarily from a peak and the sail will close below the resistance of the Penannt bear).
-ETF Vaneckx will be rejected.
-Bakkt will be delayed
tell me in the comment section below what your opinion is , and please support me with your upvotes and resteems.
cheers.
