Hi guys: from to july to sofar BTC is moving in pennant from july to sofar the btc has tested the resistance two times and also tested the bottoms two times now its turn to touch the resistance again which is 7100.
We have also found two fish hooks in pennant which votes for bullish signals
We can see that btc has created a clear double bottom pattern by touching the bottoms of pennant at almost same levels which gives us clear message that this is the end of the support level and going more down than this level will be not possible.
A double bottom in its self is a clear signal of bullish reversal.
so guys sofar more votes are found in favor of btc upside reversal till 7100 it will be weak but if it will touch 7500 than it can become bullish. This is the time to be in the game.
Regards,
Atif Akbar
We have also found two fish hooks in pennant which votes for bullish signals
We can see that btc has created a clear double bottom pattern by touching the bottoms of pennant at almost same levels which gives us clear message that this is the end of the support level and going more down than this level will be not possible.
A double bottom in its self is a clear signal of bullish reversal.
so guys sofar more votes are found in favor of btc upside reversal till 7100 it will be weak but if it will touch 7500 than it can become bullish. This is the time to be in the game.
Regards,
Atif Akbar
Trade closed: target reached
MA 100 has touched the wick of candles and MA 50 has touched the body of candles this move is more in favor of BTC 7100 target