Hello again, it is forming a pennant in BTC , theory begind this pattern tells us that a bulish move will continue after a fast consolidation.
But there´s still a gap between 19000-18185
The height of the breakout move is calculated from the bottom to the top of the hole bullish move. That gives us a price target of 21000
Be carefull trading the pennant, wait till the breakout of the support or resistance before placing a order, dont forget to put a SL just above R\L (depending if short or long) and wait for volume to confirm the trend!
Give your feedback long or short??
Do gap´s matter?
But there´s still a gap between 19000-18185
The height of the breakout move is calculated from the bottom to the top of the hole bullish move. That gives us a price target of 21000
Be carefull trading the pennant, wait till the breakout of the support or resistance before placing a order, dont forget to put a SL just above R\L (depending if short or long) and wait for volume to confirm the trend!
Give your feedback long or short??
Do gap´s matter?