comfyharry
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BTCUSD Giant bullish pennant on Daily chart

BITFINEX:BTCUSD   比特幣 / 美元
50 day Moving Average is strong support. Once this support breaks the pattern is invalidated.
If this pattern holds then it should be complete towards late January and breakout towards 28k target.
I don't think that support will hold. If you look on Bitfinex you see almost no buying activity, which means we going down.
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fabianlealv silmaril0875
@silmaril0875, Check again
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silmaril0875 fabianlealv
@fabianlealv, Lets see if that support holds. I think many will be surprised here...
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fabianlealv silmaril0875
@silmaril0875, Maybe. It's really unpredictable with BTC. How low do you think we're going?
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silmaril0875 fabianlealv
@fabianlealv, I think we going down to the $11K range very soon here...
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comfyharry fabianlealv
@fabianlealv, We had plenty of chances to go low so i would say unlikely we are going lower then 13800. But if you are looking to go long then best wait for a breakout above 15500
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silmaril0875 comfyharry
@comfyharry, happing right now...
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comfyharry silmaril0875
@silmaril0875, good call. Let's see where this bottoms
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