Flag/Pennant. NEXT DROP COMMING WITHIN THE NEXT 3 HOURS! Short

BITFINEX:BTCUSD15

Bitcoin / DollarBitfinex

Description

⋅ Nov 16, 2018 5:27 PM

Flag/pennant pattern as a continuation pattern.
Volume confirms.

Pennant Flag

Comments

UnknownUnicorn2774089

⋅ Nov 17, 2018 5:40 AM

better luck next time, it never happened

keep_it_simple

⋅ Nov 19, 2018 11:03 PM

@LeoKim, I was not precise in the time frame and apologize for that. But it happened.

alexcph

⋅ Nov 17, 2018 9:24 AM

Been calling for a drop from the ascending triangle for a month now. In this chart I do an analysis on where the BTC bottom will be.

keep_it_simple

⋅ Nov 17, 2018 9:29 AM

@alexcph, Great analysis

floatingturd

⋅ Nov 17, 2018 4:17 AM

Yep, definitely a bear pennant. Bitcoin is gonna make some dirty brown fudge.

cryptobiting

⋅ Nov 16, 2018 5:44 PM

I was thinking a 6k zone retest first then cont down.

Jeff_Cryptopop

⋅ Nov 16, 2018 9:03 PM

@cryptobiting, I was too because of what appears to be a bullish divergence on the RSI created from the drop. But when I see the volume slump since the fake out yesterday (which is entirely bearish) and the formation of a bear flag since, it looks like we may get that second impulse first. Hang on!!!

FatherLiteBorn

⋅ Nov 16, 2018 5:34 PM

Noooo we are heading to the moon...lmao. But seriously what is your downside target? Im thinking we are heading to the 4700-4800 in the near term.

silmaril0875

⋅ Nov 16, 2018 5:50 PM

@FatherLiteBorn, Tone Ways says $4950

keep_it_simple

⋅ Nov 16, 2018 6:15 PM

@silmaril0875, I would say around 5000 USDs. Thats the next significant support level.