Bull Pennant. Simple. Bitcoin.

4 Oca 2019

After a rally off of the bottom, BTC takes a breather. Lower tops and lower bottoms. Trade participation, volume, drops off a bit but comes back as the market breaks out of the pennant. Target the size of the mast (the earlier move from the bottom).

Bull Pennant. Entry on the break out above of resistance (pennant structure). Target typically equal to the length of the mast (previous uptrend move). Slope is usually neutral.