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BitInfo12

BTC 4 Hr. Flag & Pennant // Breakout up or down?

Long
Bitcoin (BITSTAMP:BTCUSD)  
BitInfo12 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTC
8
1
trendanalysis chartpattern btcusd btc
A large flag & pennant has developed on BTC 4 hr.

I am predicting a break to the downside, as BTC makes its way towards $5k support on Novemeber 17th/18th - and then back up to ATH levels and beyond.

Thoughts?
Comment:
UPDATE: Called this breakout incorrectly. I was anticipating a break-out to the downside based on Bull run and previous pull backs. But, once again, the Honey Badger breaks out to the upside.

My new prediction is that BTC will build consolidation in the $7000 - $7300 range, then heading for new All Time Highs.

Lessons Learned!

Onwards and upwards.
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