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roosgart
Nov 14, 2017 3:54 PM

Bitcoin short term play (Bullish Pennant) Long

Bitcoin / U.S. dollarBitstamp

Description

BTC shows a bullish pennant with repulsion from lower prices, suggesting imbalance more buyers than sellers. This is a short term play. Target as shown. GL

Trade active

Going..going..going UP :)

Trade active

Here we go... :)

Trade active

Here we Go again :)

Trade active

OK Target reached NOW, hope you profited :) Still keeping position until it shows weakness, it has fuel for more:

Trade closed: target reached

TARGET REACHED :)
Comments
luigiborla
i agree but why did you cut out some shadows? this way the upper shape is forced.
roosgart
@luigiborla, unintentional, but it does not change the general trend shown by the bullish pennant which indicates imbalance between buyers and sellers. Thanks for your comment, GL
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