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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out