BitcoinLong
Bitcoin - Bullish pennant & bullish divergence - low risk!
Updated
Hello everyone,
Bitcoin seems to be holding out well from a massive drop in these recent days. Right now, it seems to be forming a bullish divergence. We can also see a pennant forming.
Set a stop loss if it breaks the pennant downwards. Buy if it exits upwards :)
-
Remember,
Patience is paramount!
...and good luck to you all!
Bitcoin seems to be holding out well from a massive drop in these recent days. Right now, it seems to be forming a bullish divergence. We can also see a pennant forming.
Set a stop loss if it breaks the pennant downwards. Buy if it exits upwards :)
-
Remember,
Patience is paramount!
...and good luck to you all!
Note
Well, it hit that 77-day EMA... then went back down sadly. The bears seem to be in control right now. It looks like it might head back down to the bottom of that pennant (3320) in the coming days. Let's wait for a confirmation.Note
Diamond reversal:
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