Hi everyone

if you followed my last publish on Bitcoin you can remember I mentioned about

the consolidation periods after drop. at the chart below also you can see how

the price dropped deeply after breaking the channel line downward to respect

the bearish ascending channel rules.

for now price is forming a pennant or triangle and based on this forming…

a short term upward pressure is expected. also if this scenario works then another

ascending channel pattern will shape and based on that the market would see a bigger

downward pressure…. but this strategy is not what we expect for now so our focus is

on short term bullish strategy. based on this strategy if the price could mange to close

above the top line of the pennant has strong chance to move upward.

however this move may takes a little more days to happen.

let’s see

Enjoy the market