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XMANGO
Jul 19, 2014 4:27 PM

BTCUSD Updated Pennant Short

Bitcoin / U.S. dollarBitstamp

Description

While it seems like the price refuses to touch 600 lately, it's still in the cards ... just waiting for the pennant to fully form.
Comments
ChartArt
I like your chart. I agree that we are in a very pivotal situation where the price can either move up very quickly to test $700 again and then breakout to $800 or if we go below $600 we might face a month long downtrend correction to $550 or even $450 until the overall uptrend resumes.
XMANGO
Thanks! Seems to still be confused about which way to go too!
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