Bitcoin (BTC / USD) after breaking the triangle forms a pennant, Target $ 6900 dollars or we return to support price

After breaking the triangle it is forming a pennant, if it breaks bullish, it is possible to get $ 6900 dollars

Let's see

Analyzing the graph, we see that after breaking the triangle (mentioned in the previous post) it has confirmed the figure by retesting the price at the upper limit of the triangle.

In previous hours, the price has formed a bullish candle with a large wick, then forming a pennant.

If we measure the height of the pennant and project to the possible break point, we could estimate a possible target price

Analyzing the elliot wave graph we can define 4 complete waves and project the 5 waves.

In this 5 bullish wave mentioned in the previous post, this flag would be forming, with the final target price being higher (see previous post) if the price continues to rise.

Possibilities

Bullish

• Target of approximately $ 6900 dollars

If it breaks down, the price would return to support prices of $ 5600 dollars.

What do you think breaks up or down?

What do you think?

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The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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