BTC Log 08/22/2019
Whats visible to me...
- Closest Resistance about 10200. Next Resistance at 10500
-Closest Support about 9700-9500 or 9100
-Bearish Pennant (Continuation Pattern). Or it could be a larger pattern currently developing.. which would give me the idea that its possible it stops at one of the green arrows and reverses shortly after. More PA is needed to evaluate.
- Failed Breakout
Planning my trade..
- Short term trade.
- Enter at confirmation of a breakout of the pattern.
- Plan for bullish and bearish scenario.
- Closest Resistance about 10200. Next Resistance at 10500
-Closest Support about 9700-9500 or 9100
-Bearish Pennant (Continuation Pattern). Or it could be a larger pattern currently developing.. which would give me the idea that its possible it stops at one of the green arrows and reverses shortly after. More PA is needed to evaluate.
- Failed Breakout
Planning my trade..
- Short term trade.
- Enter at confirmation of a breakout of the pattern.
- Plan for bullish and bearish scenario.
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