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derronpocci
22 févr. 2018 05:08

BTC Bullish Pennant Forming? Long

Bitcoin / United States DollarCoinbase

Description

Looks like a Bullish pennant is forming on the 4 hour chart. Support at $10,300 looks like, so I will be watching for the 2nd Retest of the Channel Support. If Pennant Confirmed, could possibly see a 4k+ move.

Scenario 2 is that instead of support, BTC continues down the channel to test either 1) Fibonacci Level or 2) the bottom of the channel is reached for a lower low

Exciting times ahead!

Commentaire

Lower Low formed so pennant pattern invalidated

looking for retracement to .618 fib for next move

Ordre annulé

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