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Astroc
May 15, 2018 8:45 AM

BTCUSD pennant flag? Long

Bitcoin / TetherUSBinance

Description

BTCUSD probably forming bullish pennant but we need to confirm breakout from redline to have full confirmation. Target 9100.

Comment

Breaking down through green line invalidates pattern

Comment

BTC can't break the downtrendtrend easily. The resistance is quite heavy but the angle of resistance is very high and we should break it sooner or later

Trade active

We got already one false breakout. It was collecting openning longs and closing shorts. Pennant still holds support. Watching carefully.

Order cancelled

Support broken. No long position
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