Bitcoin (BTC) - Decision today?

BTC has formed a pennant .

The lower blue line acted as support so far, and the upper blue line as resistance.
The EMA 50 is at the upper line (on the hourly chart), increasing the resistance of this level.

Pennants in a downtrend tend to break to the downside, which could bring the double top target (red line) from my previous post into play.
However, if we break to the upside, that would signal nice bullish momentum.
If you are long, you could set a stop loss just below the upper blue line.

If we break to the upside, you could buy the breakout from the pennant , and target around 8.000 Euro .

Good luck!
评论: We had a little rally up, and immediately got rejected at the upper trendline.
评论: Surprise surprise, we broke out upwards from the pennant!

Well actually we left the pennant by going sideways, and then moved up, lol.

Let's see if we can sustain this higher levels.
评论: So the decision got delayed a bit, but nevertheless, it has been made: we are going down.

I absolultely expect it to take out our recent lows of around 6.900, and tank lower.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出