BTC Bear Flag, Reistance and Triangle consolidation formation

26 thg 5, 2018

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.

26 thg 5, 2018

Ghi chú

Correction: I meant to say Bear Pennant not bear flag.

26 thg 5, 2018

Ghi chú

Correction on the price target. Should be $6950 and not $9560. Thanks joshclouds for notifying me.

27 thg 5, 2018

Ghi chú

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.

28 thg 5, 2018

Ghi chú

BTC arriving into larger time support at the moment. Moving stop down to 7468 to secure more profits.

28 thg 5, 2018

Ghi chú

Stop loss moved to $7309.