How to calculate next low with a bearish pennant ? I'm doing it my own way, not like in books $8,674.4 - $7,835.9 = $838.5 or $8,674.4 - $7,716.6 = $957.8 Then pick a measure from inside pennant. I'm going to take 50% $7,941.1. Therefore $7,941.1 - $838.5 = $7,102.6 or $7,941.1 - $957.8 =$6,983.3. I'd be happy if it just broke $7,240. In case of trap I've mentioned in previous post some of what I've been looking out for.
Note
Hope every body read this "$7,000 Next? Bitcoin Bears Pull Off Downside Break" from Coindesk. Great roundup of what's going 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.
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.