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RE: BTC - Triangle broken with a drop as expected
I like the analysis but it seems to just be consolidating and forming a pennant now. Would need to break down to form a lower low below and then break any short term trendlines. IMHO, a correction is needed but still need to see a sharp break below on volume before I think we see it get started. Break up from the pennant and we could get to $6500 in a flash.
That is exactly what I was thinking and we are just now breaking from that pennant. Expect a leg up... Plus I have heard many times that you only ever get one chance to get to the ATH, meaning what we have is a consolidation ready for another pump past $6000... I trade from the UK so all my charts are in GBP but the pennant was clear from early yesterday at least and the RSI could do with going up from here... https://uk.tradingview.com/x/DSor9EKx/