BTC Bear Flag, Reistance and Triangle consolidation formation

2018年5月26日

Bear flag formed and triangle pattern formed on bitcoin. Took a short entry at the blue line and placed a protective stop at the red line. Price consolidation is becoming tighter and tighter as he hours go by. Either BTC will explode up or down with my analysis showing more of a bearish sentiment. Target will be at the 9650 area; a 1,750% return on my initial trade investment.

2018年5月26日

評論

Correction: I meant to say Bear Pennant not bear flag.

2018年5月26日

評論

Correction on the price target. Should be $6950 and not $9560. Thanks joshclouds for notifying me.

2018年5月27日

評論

Trade has reached a 700% ROI and stop market loss moved to a little under breakeven. I've decided to take about 1/3 of my position size off as well.

2018年5月28日

評論

BTC arriving into larger time support at the moment. Moving stop down to 7468 to secure more profits.

2018年5月28日

評論

Stop loss moved to $7309.