BITSTAMP:BTCUSD   Bitcoin / Dollar
LONG TRADE IDEA. AFTER CATAPULTING ITS WAY THROUGH 2017, BTCUSD             HAS BEEN IN A CORRECTION PHASE AFTER ACHIEVING MAJOR PSYCHOLOGICAL LEVEL $20,000. IT HAS BEEN STUCK IN RANGE OF 13K             TO 18K FOR FEW DAYS NOW AND IS FORMING A BULLISH PENNANT STRUCTURE WITH MAJOR SUPPORT ZONE BETWEEN $12,300 AND $12,800. LOOK OUT FOR A POTENTIAL BREAK OUT OF BULLISH PENNANT STRUCTURE, AND RETEST OF TREND. IF AFTER BREAK OUT, PRICE CAN CLOSE ABOVE TREND LINE ON A DAILY TIME FRAME, LOOK TO GO LONG TP1 OF $18,000 AND TP2 OF $22,000.
Comment: Bullish pennant broken, this trade is now invalidated.
WHY ARE YOU YELLING?
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@kharak, make my point known :)
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