risking a long here, been keeping an eye on this ascending triangle & I just got my first entry filled!! this is a swing trade with good R:r
Smaller time frames reveal what looks like a bullish pennant formation. Target is $11K (roughly the pole length) then a correction.
Yesterdays chart we were watching the expected tight range of $11,0888-11,585 and potential setup for a small equilibrium. We traded within that range all day and really have traded within a 3.5-4% range for 40 hours now. Volume slows down and really just nothing of interest to traders. We established a lower high yesterday it appears at $11,456 and now this...
Crystal Ball Says Long!!! >:D
LONG SCENARIO: After all the fear and doubt that were raised during the last week, BTC did not fall back below 10k, to the abyss of 8.5k. During the last 24h, a build-up has formed, which indicate the will of the market to push upwards despite the uncertainty. This bullish pennant forming is the second shoulder of the reversed head and shoulder pattern, which...
BTC pushed as expected in my previous post. we can nicely see the consolidation for a new bullish pennant. I expect a clear cut above 11'000 then consolidate to 11'100 and more for the following hours.
All information on the chart. Patterns included: 1) Ascending Triangle: If BTCUSD breaks above, confirmed bull run. 2) Broadening Formation (Bullhorn pattern)
Im a noob so bear with me a simple chart that i have drawn comparing the last breakout and the current breakout that we are witnessing together with some price range BITFINEX:BTCUSD
Hello everyone, In my previous post I made an error in scaling the data. Now that we have a bit more of the trend available this updated chart should be a bit more accurate in terms of path. Target still stands: 11.7k Lets see if it 'roughly' follows along. If not.. well than I have to dive back in researching again. Greetings, Vincent
This seems quite interesting, please check it out and notice me if you agree with this analysis... Cheers Mate!