Short
QSP/BTC BULLISH PENNANT in the making.
Hi Guys
As far as chart patterns go... this one is a classic example of a BULLFLAG. For anyone who holds or looking to buy QSP this might be it. Off course BTC still plays a big factor in the ALT market and if it could hold the 11200 or more this QSP scenario just might unfold.
I will try to accumulate on the fib levels shown on the graph. Also beware of the possibility of breaking the uptrend line. If QSP decides to go south I'd set a stop loss just in case where the redline major support lies.
Good luck on your trades.
TA über alles.
As far as chart patterns go... this one is a classic example of a BULLFLAG. For anyone who holds or looking to buy QSP this might be it. Off course BTC still plays a big factor in the ALT market and if it could hold the 11200 or more this QSP scenario just might unfold.
I will try to accumulate on the fib levels shown on the graph. Also beware of the possibility of breaking the uptrend line. If QSP decides to go south I'd set a stop loss just in case where the redline major support lies.
Good luck on your trades.
TA über alles.
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