I know some people on here are really jumpy and bearish. I'm more bullish because I think Segwit2x will be successful. Before Segwit was activated with Litecoin there was a huge jump. I'm thinking this is possible with Bitcoin. However, if you haven't invested anything safest thing to do is wait. If pennant breaks up, buy the breakout. We should be determining which way will go in no more then a week. If you're in still just hold and set a stop loss if we drop below the pennant. Hopefully the weekend pumpers go into full effect and we shoot up out of the pennant!
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Break out confirmed up!
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Bounced off 20 ema twice now. Looks like its becoming support
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Becareful guys. If your plan is HODL. HODL away. Very possible this could have been a bull trap. This is on support line. Will it it hold or go down to 50 ema?
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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.