BitcoinUpdated [ BTC Intraday ] Bullish? pennant ready to be decided
As in IOTA, there is a nice (maybe) bullish pennant in BTCUSD. As always i wouldn't bet on it being a real bullish signal, but usually this marks the build-up for some move in the market. Nice thing about the penannt/triangle/wedge: easily defined stop levels. for the targets the upside is a bit harder since i am missing relevant levels from the closer past, i am getting creative here and use some help from fibonacci, lets see how it plays out.
BTCUSD. As always i wouldn't bet on it being a real bullish signal, but usually this marks the build-up for some move in the market. Nice thing about the penannt/triangle/wedge: easily defined stop levels. for the targets the upside is a bit harder since i am missing relevant levels from the closer past, i am getting creative here and use some help from fibonacci, lets see how it plays out.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.