johnrfraser

Potential measured move off of pennant

BITFINEX:BTCUSD   Bitcoin / Dollar
59 0 1
I'm liking these posts referencing early cases where we consolidated, dipped very quickly and made for higher ground.

This adds some weight to my suspicion this pennant could do a classic measured move down to 220 area before bouncing.

This led me to succumb and try adjusting my fib from my previous post and use the whole rally up from Jan low, to measure the fib range.

This puts my measured move at almost exactly the 71% retrace for the whole rally from January.

I'm half short half long as anythign could happen
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out