Hello to all. I had bullish inclinations up until this morning but looking at the charts and seeing how what looked like bull flag yesterday IN BTC -did not break out as expected, a revision was in order. We are now in what looks like a bear flag which if completes as a bear flag will send us down some more.
Good luck and if you like my ideas/charts/commentary, PLEASE ENCOURAGE BY LIKING AND FOLLOWING ME on trading view
Komen
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EVEN WITH THE EXTENDED RIGHT SHOULDER, H&S ALMOST COMPLETE. ADD TO THAT HR MASSIVE BEAR FLAG. BTC IN BIG TROUBLE
Komen
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Another H&S forming with the left and head already formed. This H&S id inside a bearflag that will take us to the next target shown by the dashed red line. Also, EW analysis works for the H&S pattern which upon completion with a high volume should make trading this bearflag more reliable.
I have open SHORT positions on BTC
but it provides for a decrease only to the target zone which is ticking below in my analysis
I think that now there is a B wave and C is still ahead of us then I will be looking for a LONG position
and here is my bird's eye view
Regards!
bilo2000
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@Lukasbonzzi, I think we are goinf to 8.4-8.5K soon
Lukasbonzzi
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@bilo2000, Yes, but it's just a small correction
I believe that we are in a large wave of 37-57k $ range
I have a beautiful signal on 3D time frame!
target zone ending the 2nd wave!
I do not know what to worry about here