Bitcoin BTCUSD - Another Pattern to Watch For: Bullish Pennant
Updated
Here's another path I can see bitcoin taking. Matches fib levels pretty well so I figured I'd share.
If I seem a little schizophrenic with these ideas, or like I'm covering all possible bases so I'm bound to be right - that's not the goal here. They may all be wrong. I'm just trying to find as many potential patterns as I can so I'm not caught off guard - there are strong arguments to be made for any one of them and I want to make sure I'm prepared if one of them starts becoming more clear.
Not increasing my long until a recognizable pattern forms & breaks out with conviction.
If I seem a little schizophrenic with these ideas, or like I'm covering all possible bases so I'm bound to be right - that's not the goal here. They may all be wrong. I'm just trying to find as many potential patterns as I can so I'm not caught off guard - there are strong arguments to be made for any one of them and I want to make sure I'm prepared if one of them starts becoming more clear.
Not increasing my long until a recognizable pattern forms & breaks out with conviction.
Note
What's it gonna be...what's it gonna be...Note
Well it sure looks like it's going for the pennant...Note
Well there's the breakout!Note
At least on Bitfinex & Coinbase - Bitstamp is taking its time...Note
Target 1 reached!
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