hdon94

BTC - Pennant Pattern

BITFINEX:BTCUSD   比特幣 / 美元
BTC             has been forming a pennant pattern for the last 10 days. Pennants are continuation patterns which generally breakout in the direction of the overall trend.
If this holds true it would indicate that there is more downside for BTC             . How low will BTC             go? I still think the $8000 area is very possible.
評論: BTC has broken down from the pennant pattern, I still think $8000 is possible or even lower, I would be surprised if BTC dropped another 50% from here but you never know.
If we going down... 8000 cant stop the bears and we wiil se somthing aroud 5000
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hdon94 PRO dobrovan
@dobrovan, You may very well be right, this chart is from Peter Brandt which he posted on Twitter on 1/22.
https://twitter.com/PeterLBrandt?lang=en
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@hdon94, Sorry the chart didn't post if you are interested, click on the twitter link and scroll down to his 1/22 post to see the chart.
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@hdon94, senks bro
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