BTC Bull Flag Continuation

Dec 20, 2018

Bull Flag - still more room to go.

Dec 20, 2018

Note

Looks like the parallel channel is giving it a hard time. We need more volume to pull through.

Dec 20, 2018

Note

We might have another bull pennant here. If the parallel channel holds as support there could be another spike.

Dec 20, 2018

Note

The price hopped back in the pennant. It could go either direction at this point.

Dec 20, 2018

Trade closed: target reached

The last pennant failed, but in the end our target was perfectly reached. What happens next is unclear. It is either the resistance holds or the price falls back to the support of the parallel channel.