krugman25

ETHBTC - Bullish pennant breakout

Long
BITSTAMP:ETHBTC   Ethereum / Bitcoin
While ETHBTC still has a lot to prove to convince me that a long term bottom is in, the current price action is looking short term bullish. Price has formed a bullish pennant and flag, inside of a possible inverse head-and-shoulders.

Massive bear trends are difficult to reverse so I would not get too ahead of myself, but I think there is a higher likelyhood of bullish price action from here.
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