Bearish Pennant shows downward bias

Trend lines show Bitcoin             forming a Bearish Pennant . If $BTC performs a bullish break above the upper trend line , then will look to 11,650 as next resistance, followed by 12,700. If $BTC breaks down from the pennant , as the flag would suggest, then consider a short entry. Fib based on 11/12/17 low 5511 and 12/17/17 high of 19891 and shows strong support at 8588 and potential strong resistance where the .618 meets the downward trend line .
Crystal ball prediction: 11,005 in next 5 days, then to 9,600 to decide if it feels like breaking down and continuing the bear market, dragging alts down along with it.
Not financial advice, trade at your own risk. Thoughts / comments are welcome.
update: Found support where expected with a low of 8516. Formed double bottom off the trend line and now moving up. TA still valid.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 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
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出