Short term Pennant Forming
I believe BTC is in a slow uptrend (for now), so the pennant forming is bullish. A short term trade could be made in this area with a stop at 6200. Regardless of your entry always use stops to protect capital. Without capital you're out of the game. If you don't mind holding through dips you can set a loose stop. Even if you like to HODL it's wise to have stops at major support areas. As far as BTC is concerned I wouldn't hold if it drops bellow 5700-5800. Who knows how far it could drop if that area broke. Money can be made in a bearish and bullish market, so keep an open mind. Like if you agree. Thank You!
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