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The pennant helped cool things off and has now prepared Bitcoin BTC for another decline. You can share this post! However, in chart analysis when the price is 470 mining zcash where to buy bitcoins and eth before entering a pennant, we call it a bear pennant. Today's Hot Topics. February 24, Some might call it a crypto mining machine bitcoin cash martket cap triangle; some may even call it a bullish pennant. As we can see the price was falling aggressively around early December, but then it entered a pennant because it could not complete a correction to the downside in one go. We have now two bearish scenarios that could play. It is also important that investors take any move to the upside as an opportunity to sell and not buy because all the important indicators point to significant how to buy xrp coinbase why is the share difficulty so high for ethereum downside to come. The second scenario that could play out is that we may see some temporary bullish impetus or a fake out that would result in a bear flag being formed. The price has already faced a strong rejection and is expected to fall back inside the bearish pennant. Follow Crypto Daily on WeChat. Share with your friends. Make sure you Subscribe to our mailing list to get the latest in market updates! Ads by Cointraffic. While the probability of that playing out is a lot can you use antminer for ethereum how to claim and sell bitcoin cash poloniex than the bear pennant, we still think it is possible and investors should keep an eye out for any move to the upside. Therefore, this is the time to sell not buy and any attempt to accumulate at current levels will most likely prove to be a recipe for disaster in the months ahead. The first bearish scenario that could play out is the bearish pennant. Before we discuss that, let me say that there is no bullish case unless we see a golden cross on the daily time frame.