BTCUSD warning pennant!

٢٧ يونيو ٢٠٢٠

A bearish pennant has formed on BTCUSD - traditionally suggests a further leg down. A possible play would be to go short with a stop limit short below the lower trend line. If executed, a stop loss order could be placed back at the pennant lower trend line. Target for the short would be around 450 points, the flagpole height (but could be smaller since there are some strong support levels in between