“Sell Setup” BTC/USD by ThinkingAnts

1H CHART EXPLANATION:

– After the Break out of the Ascending Trend Line with a previous Bull Trap, Price is on a Pennant Continuation Pattern.

– We will be waiting for a retest of the Minor Resistance zone (top of the Pennant Pattern) and then for a Break out of the structure, looking for a down movement towards 4859.8 to close our position.

– For the full Top and Bottom analysis check our previous post on bitcoin , linked on the post.

Published at Fri, 12 Apr 2019 00:02:43 +0000

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