This is a continuation of a long term trade. Pennant broke upside. Next target 560
Rejected by 0.5 fib of last bear move and forming a pennent. Expecting a break down.
Upward spike from 5400 zone and now consolidating above 6000. Expecting an upward break. Entry : 6100 SL : 5850 TP : 6950
3 possible setups in my view 1. Long if BUY ZONE 1 provides strong support 2. Short if BUY ZONE 1 is broken 3. Long from BUY ZONE 2
Spiked down and consolidating below 7000. Expecting 7000 to resisit an upward spike. Expecting the consolidation to break down.
Flag broken and retested new support line
Spiked up and consolidating. Getting ready to buy the bottom of the consolidation
If the time is due for correction in bitcoin , the target is 6600. Rising wedge broke down with a strong spike and now consolidating. Will be taking a short at the top of the consolidation. THIS TRADE MAY FAIL. THIS IS NOT A HIGH PROBABILITY TRADE(because of the tight stop loss). BE PREPARED TO EXIT IF THE FLAG IS BROKEN UPSIDE.
Imagine if the pennent is broken upside in the weekly chart
Litecoin in in perfect position for long term call
Rejected will by upper trendline. Had a downward spike and formed a pennent. Expecting a breakdown.
Rejected by weekly and monthly trend lines, there is good probability for the sideways trend to break down
Breakout of bearish channel occurred. Expecting consolidation and continuation