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BTC USD - Forming Bullish Penant - Hidden Bullish Divergence

By sniperz
Updated
BTCUSD 4hrs Bitstamp showing hidden bullish divergence with formation of bullish Penant. After testing blue support lines it can move upwards
Trade active
Price is still testing the blue support line.
Bullish spining top right on the support line indicates indecision amongst marketers.
It can go lower and touch the bottom of pendant before moving up again.
Trade active
Nice breakout from the triangle with a decent volume. A minor resistance area at 2280$
Trade active
Facing some resistance at 2312, price still hasn't broken upward trend. If it breaks the trend line and dips more. Time to close the trade and look for another set up.
Order cancelled
sniperz
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