Bitcoin
Short
Zaktualizowano

BTC Bear Flag, Reistance and Triangle consolidation formation

110
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.
Uwaga
Correction: I meant to say Bear Pennant not bear flag.
Uwaga
Correction on the price target. Should be $6950 and not $9560. Thanks joshclouds for notifying me.
Uwaga
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.
Uwaga
BTC arriving into larger time support at the moment. Moving stop down to 7468 to secure more profits.
Uwaga
Stop loss moved to $7309.

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