Bitcoin Idea Intraday

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Idea for bitcoin intraday
Could be a bear flag or a symmetrical triangle you decide
Heavy clusters around 0.5 and 0.382
I'd buy
Comment: Sorry i thought i included fib retracement MY B
Comment: Falling Wedge?


With it drawn as a triangle it is not a bear flag as those mostly have an rising channel, and its not a symmetrical triangle because it has a pole. This would be a bearish pennant. I would recommend charting with volume to further assist in pattern identification. Thou if it does break to the down side I would expect it not to go lower then 10.k as that has proven itself as strong support area.
+1 Reply
Bixley kylerhaged
@kylerhaged, Very nice words, thankyou
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