Long

Bitcoin SHort Term view

Updated

The Fractal we will be watching for the next 40 days. Bitcoin has had repeated pennant patterns which have played perfectly during this current bull run. Following Bukowski's observation that price meets 34% of its upward breakout Target as noticed in pennants in the chart price met the targets perfectly, we expect the same to happen with the current pennant. We have a breakout which should reach its the target at $13400. If the fractals are anything to go by, then we will have a 17% pullback before a price rally to $20,000.

Trade closed: stop reached

ekeneobi

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.