kormancoin

3h symm. triangel before and pennant now

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
73 1 1
Our first triangle(red one) did its job when a downside breakout occurred and then price pulled back to a triangle and offered us a nice entry point to short.

And now we have a pennant ( yellow one) ingiving clues that the downward trend will reverse and the price will break the upper line at some level. Wait for a good entry point to go long around $300

kormancoin
3 years ago
And do not forget that technical analysis fail when unexpected fundamental developments hit the market.
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