alexcrypto
Long

Bullish pennant, next stop 10,800

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After the rebound we are now consolidating just below the 50MA and a nice bullish pennant is forming confirmed by volume development.

A break on the downside is quite unlikely at this stage but it can see us retesting 9800 if this happens.

A more likely bullish breakout will lead us to a short term rebound to 10800 dollars.

For longer timeframes click below to the Cup and Handle analysis.

Trade safe.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out