Unfortunately i don't believe BTC is ready for its return to the ATH .
I see the current pennant as a bearish signal with the pennant creation from the higher high to the low - Consequently making lower lows and lower highs as the pennant develops.
Test on 30K again at some point - possible wick only
We saw the initial huge drop and slowly but surely, on each move up and down, volatility and volume has been decreasing.
Currently finding an equilibrium in the middle of the range - this price action traditionally ends with an explosion of liquidity and trend reversal
I see the current pennant as a bearish signal with the pennant creation from the higher high to the low - Consequently making lower lows and lower highs as the pennant develops.
Test on 30K again at some point - possible wick only
We saw the initial huge drop and slowly but surely, on each move up and down, volatility and volume has been decreasing.
Currently finding an equilibrium in the middle of the range - this price action traditionally ends with an explosion of liquidity and trend reversal
