BTCUSD bullish pennant to $12500
Looks like BTC might be in the process of forming a bullish pennant.
The pole was the move from $7500 to $10600, which bounced off the 50% fib retracement of the trend from
14K down to $7300.
If this forms into a bullish pennant and we make the second move to the upside, it you should take us to the $12500 area, which coincides with the 78,6% fib retracement with trend from 14k.
The pole was the move from $7500 to $10600, which bounced off the 50% fib retracement of the trend from
14K down to $7300.If this forms into a bullish pennant and we make the second move to the upside, it you should take us to the $12500 area, which coincides with the 78,6% fib retracement with trend from 14k.
Related publications
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.