BitcoinUpdated Pennant in 4h Chart
If candle closes above U$19.500, the target is U$20.700.
U$18.650 can be tested before reach the target (symmetrical pennant formation).
I will wait for the pennant breakout before taking any position.
Cheers.
U$18.650 can be tested before reach the target (symmetrical pennant formation).
I will wait for the pennant breakout before taking any position.
Cheers.
Note
1st strong resistance: U$19.4502nd strong resistance: U$19.750
1st strong resistance: U$18.300
2nd strong resistance: ORANGE LINE (uptrend support)
Note
The 2nd target is: U$22.400Note
english error typo, sorry.*** 1st strong SUPPORT***: U$18.300
*** 2nd strong SUPORT**: ORANGE LINE (uptrend support)
Note
BTC touched the first strong support and second strong support.If daily candle closes above the 2nd strong support (ORANGE LINE), bitcoin can continue this uptrend.
Note
If BTC closes BELOW the 2nd strong support (ORANGE LINE), bitcoin can go to U$15.500 - U$16.000 level.The STRONGEST support is at U$15.800 level (uptrend support).
Daily close BELOW U$15.800, can put BTC to U$12.000 level..
Trade closed: target reached
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.
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.