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DrDovetail
Sep 10, 2019 12:42 AM

1day candle closes inside bullpennant; 4hr goldencross . Long

Bitcoin / United States DollarCoinbase

Description

Bear trapped confirmed as the 1 day candle that dipped down ad filled the 10.1k gap last night bounced all the way back up to close inside the bull pennant as I was expecting. We also hav a 4hr golden cross due to occur in the next 4-8 hours which I think will instigate a bullish breakout from this pennant.

Comment

@Maped, I have the falling wedge on the 1hr timeframe which is still very much valid at the moment although there was a fakeout breakdown a few hours ago. The bull pennant is on the 1 day chart and we have yet to confirm the breakdown from that either. i will post a link to the falling wedge i've been watching...both are currently still valid though.

Comment

Comments
wargolynch
it was a falling wedge, not a bull pennant
sometimes looking at inferior timeframe is nice
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