Bitcoin Needs to Resolve this Pennant before move further Long

Bitcoin / DollarBitfinex

Description

⋅ Jan 12, 2018 7:01 AM

The Idea is to consolidate within this pennant next days/weeks before moving forward to 25-30k.

Making new lows could bring us back to the old channel.

Trend Analysis

Comments

MiloszKaszynski

⋅ Jan 12, 2018 7:47 AM

this is not pennat -> descending triangle :P

Wingman

⋅ Jan 12, 2018 8:07 PM

@MiloszKaszynski, the lower side is not completely horizontal, there's a slight angle on it