hugh.gill
Long

BTC Pennant Getting tighter and tighter

BITFINEX:BTCUSD   Bitcoin / Dollar
BTC             is in a falling pennant formation on the daily which is only getting tighter and tighter. At the moment we are looking at the 200day Moving average as the main support.

I think BTC             has one last Flush in it to shake out the rest of the weak hands before we get the trend change we have been waiting for.

6000 to 7000 is a great level to get a buy for long term position into 2018. The bear volume on the way down has not been as big as it was on the way up. this is a positive sign that the Whales have not lost confidence in this market.

Good Bye retail investors. I genuinely feel sorry for anyone who has bought at the top and are riding this latest wave out. Just Hold if you can afford to and learn to take profits when we see the next Bull run to 50K..
Do you know how look pennat formation?
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hugh.gill MiloszKaszynski
@MiloszKaszynski, not sure i understand the question ? :)
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