After a rally off of the bottom,
BTC takes a breather. Lower tops and lower bottoms. Trade participation, volume, drops off a bit but comes back as the market breaks out of the pennant. Target the size of the mast (the earlier move from the bottom).Bull Pennant. Entry on the break out above of resistance (pennant structure). Target typically equal to the length of the mast (previous uptrend move). Slope is usually neutral.
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.