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nmhung520
Mar 28, 2018 6:53 AM

Is BTC going to pump? Long

Bitcoin / DollarBitfinex

Description

This is what I see: A bullish pennant if BTC touches 75xx, bounces back to 9235 and breaks this point upwards to confirm the pattern.
Let's see what will happen :)))

Comment

BTC goes down and touches the support line at around 7521.
I think this is the end. It is very hard to go down further because of strong suppport zone due to huge buy orders.

Comment

BTC price consolidates around support line for a while.
It seems like we have a bearish pattern here, meaning that price will go down further, but in my opinion it will not.
Let's see what will happen. Actually, if there is huge sell volume at this point, price will go down. But this is a good price to buy in, who's gonna sell at this price?

Comment

BTC price goes down further so I have to re-draw my TA

Comment

Please refer to this new TA
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