btc has pumped nicely into this heavy resistance, what also looks to be forming is either a bearish pennant or a symmetrical triangle(green lines)
a breakout above this downtrend line would likely make it a symmetrical triangle as pennants tend to range into their apex. if this downtrendline holds i will be waiting to see how price reacts to this yellow trend line, if that doesn’t hold we will likely revisit the lower trend line
a breakout above this downtrend line would likely make it a symmetrical triangle as pennants tend to range into their apex. if this downtrendline holds i will be waiting to see how price reacts to this yellow trend line, if that doesn’t hold we will likely revisit the lower trend line
