stanosky

This setup looks like a short

Short
stanosky Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has formed a symmetrical triangle. Perhaps it is even a bearish pennant looking at the bar. In addition, triangles usually indicate a continuation of the trend and the diamond pattern under the lower edge also suggests this.

This is not financial advice.
Comment:
Diamond on the 5m chart:
Comment:
It appears to be more of a bear pennant now:
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