I'm not a pro trader yet, but I'm studying BTC behavior for months and officially studying as a Trader wave analysis and much more stuff.
I've been following multiple TA in TradingView and thought i should share my visions too, since everyone has the right to get it wrong :D
So what do i see? There was a bull movement a while ago, where an ascending flag failed into a bull trap and it fell.
Then it started forming something i thought it was a flag, until it didn't go as high as it should (the RED X) and i thought... what happened??
This is when i saw the triangle. And this is almost always confirming a drop, if it does break the resistance... it may go as low as the last pole (This is what my Wave Analysis Academy is teaching)
This is not a financial advice, it's my own risk.
let's see.
I've been following multiple TA in TradingView and thought i should share my visions too, since everyone has the right to get it wrong :D
So what do i see? There was a bull movement a while ago, where an ascending flag failed into a bull trap and it fell.
Then it started forming something i thought it was a flag, until it didn't go as high as it should (the RED X) and i thought... what happened??
This is when i saw the triangle. And this is almost always confirming a drop, if it does break the resistance... it may go as low as the last pole (This is what my Wave Analysis Academy is teaching)
This is not a financial advice, it's my own risk.
let's see.
Nota
NOT a head and shoulders, my mistake. It's not valid. It didn't form from an uptrend. Head and Shoulds is a reversal pattern, thanks for the comment to enlighten my education
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.