SYMMETRICAL TRIANGLE or PENNANT? BTC next move!!!!!
Hello,
so as you can see, bitcoin is creating a:
- perfect symmetrical triangle which fulfills ALL criteria
- but it could also be a pennant
If its a symmetrical triangle.. the breakout could be up or down. A symmetrical triangle does not tell us, where the breakout will happen
A pennant is a continious pattern.. IF we see a pennant, then bitcoin will breakout to the upside.
Upside targets: $4100
Downside targets: $3765
so as you can see, bitcoin is creating a:
- perfect symmetrical triangle which fulfills ALL criteria
- but it could also be a pennant
If its a symmetrical triangle.. the breakout could be up or down. A symmetrical triangle does not tell us, where the breakout will happen
A pennant is a continious pattern.. IF we see a pennant, then bitcoin will breakout to the upside.
Upside targets: $4100
Downside targets: $3765
Trade closed: target reached:
Okey actually it was really a second bullflag!
I did draw a pennant!
Predicted price targets were hit perfectly!
Pump to ~4100 and then dump to 3765.
Will count this as correct, because price targets were hit so well.
5/5 Predictions correct.
I did draw a pennant!
Predicted price targets were hit perfectly!
Pump to ~4100 and then dump to 3765.
Will count this as correct, because price targets were hit so well.
5/5 Predictions correct.