Tea-Trades

Bitcoin Shaking Out Weak Hands

Long
COINBASE:BTCUSD   Bitcoin
I will be watching BTC/USD this week to see if it continues the volatility contraction or if it decides to break out of the Bull pennant.
Bull Pennant – Bull Pennant Pattern
The bull pennant pattern is found within an uptrend in a stock. This pattern is named for the resemblance of a pennant on a pole. The bull pennant is a continuation pattern with narrowing price action following a strong advance. The technical buy point is when price penetrates the upper trend line of the pennant area, ideally on volume expansion.

This is what I will be watching... A break below would be a bearish sign and we might see more downside in that case.

This is not investment advice.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.