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CyberFreedom
Mar 3, 2018 12:49 AM

Possible BTC pennant, Daily chart pattern Long

Bitcoin / DollarBitfinex

Description

We are clearly in an up trend.

''in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks''


The volume is declining; "The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.''

what do you think. Leave a comment.



source: investopedia.com/terms/p/pennant.asp
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