It's Still Summer In The USA, Shorts Are Still In Fashion.
Trend In 15 Min Chart: Downwards
Probability of Breaking Downwards: 50%
Expiration Time: 7 Hours (unless this pennant
RSI: Downward Directed Trajectory
RSI: Downward Directed Momentum.
1st Target: $11,213
Warning! Watch for FU moves, extremely large wicks to the downside to take out short positions and instantly wick back up or vice versa, algo bots are set to hunt for stop losses.
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Check out these still valid mid-term outlook for Bitcoin:
Support and Resistance
The Trend-Based Fibonacci Extension
Impulse And Correction Waves
Potential Inverse Head & Shoulders
Check out these still valid long-term outlook for Bitcoin
Bitcoin ABC Elliott
Correction Wave & Gann
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
Check out Bitcoin
Cycle Of Rise, Peak, Drop
Wonderful 61.8% And 38.2% Fibonacci Magic