A symmetrical pennant is forming and I don't see any options for BTC at the moment.
As you can see after we broke the 1-day trend line we found support and then started our consolidation pattern. It doesn't look like we have the momentum to move up and the fundamentals of the market continue to show a decline in any and every asset class in the world.
My analysis tells me we're going to retest support, but it's not going to be a spectacular move. Waiting for some volatility for the time being.
As you can see after we broke the 1-day trend line we found support and then started our consolidation pattern. It doesn't look like we have the momentum to move up and the fundamentals of the market continue to show a decline in any and every asset class in the world.
My analysis tells me we're going to retest support, but it's not going to be a spectacular move. Waiting for some volatility for the time being.
