kuegi

[ BTC Intraday ] Bullish? pennant ready to be decided

kuegi Updated   
BITFINEX:BTCUSD   Bitcoin
As in IOTA, there is a nice (maybe) bullish pennant in BTCUSD . As always i wouldn't bet on it being a real bullish signal, but usually this marks the build-up for some move in the market. Nice thing about the penannt/triangle/wedge: easily defined stop levels. for the targets the upside is a bit harder since i am missing relevant levels from the closer past, i am getting creative here and use some help from fibonacci, lets see how it plays out.
Trade closed: stop reached

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