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ktiger989
Jan 15, 2018 8:39 PM

BTCUSD  Long

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD Chart

I accidentally noticed I used Bitstamp but it applies to mostly all exchanges...

Bullish Pennant is formed, needs an upside movement to hit the topside resistance to form a new support for a clean breakout.

Possible for it to break down through the wedge and cause a downward trend.

But the higher lows is a bullish indicator.

Trade well. Trade smart.
Comments
Zakir-Ahmed
seems btc choosed going down again..12k possible if this continues..and 13.5k failed to support
ktiger989
@ghose12, still touching the bottom of the pendant, sill has a chance to retrace.
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