Powered by Roundtable
CryptoDamsel@bbs profile image
CryptoDamsel
Jun 17, 2022

Bitcoin Analysis:-
$BTC is currently trading at $20.7k
As Per Low Time Frame chart Forming Bearish Pennant.
So If we Break This Pennant Support at $20,000 then Bitcoin Price around $15k can be seen which is the best entry zone.
But prior to that we might see upward move to $22k because a small Bullish Engulfing is forming in 2 Hours Chart.
But Overall Bearish below $22,800
Above $22,800 we can flip in Bullish untill next resistance $28000.
So Now If opening any trade then keep this scenario in mind. 
Bear Pennant Pole size is -25%So Aft. downside Breakout Target will be $15,000
Support:- $20,000/$15,000Resistance:- $22800/$28,000

Even if we ignore everything related to fundamentals ... only considering pure TA, the target of chart is -50% from breakdown, which is around 15k.

3