Pennant Forming - Breakout coming but up or down?

5 thg 4, 2018

Looking at the pennant it is most likely we will have a breakout in a down move due to the initial down move to start the pennant. The volume is awful and I suspect there will be a spike in the next 6-10 hours of sellers. However on the low chance BTC makes a move up (which has happened in the past) we will face resistance at 7200 and 7400 (my opinion 7200) before we make our way back down.

Good Luck!