nmhung520

Is BTC going to pump?

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nmhung520 Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
This is what I see: A bullish pennant if BTC touches 75xx, bounces back to 9235 and breaks this point upwards to confirm the pattern.
Let's see what will happen :)))
Kommentera:
BTC goes down and touches the support line at around 7521.
I think this is the end. It is very hard to go down further because of strong suppport zone due to huge buy orders.
Kommentera:
BTC price consolidates around support line for a while.
It seems like we have a bearish pattern here, meaning that price will go down further, but in my opinion it will not.
Let's see what will happen. Actually, if there is huge sell volume at this point, price will go down. But this is a good price to buy in, who's gonna sell at this price?
Kommentera:
BTC price goes down further so I have to re-draw my TA
Kommentera:
Please refer to this new TA
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