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- Apr 27, 2022 4:27pm Apr 27, 2022 4:27pm
Hi all.
I`m here again but this time will be a bit more different from the other ones.
I`ll be short and most of you will not like the below chart may be, but in the markets we must be always emotionless.
In short, BTC price could be at the edge of the cliff right now. When we look at the daily chart we’re seeing a very good looking ascending channel. That’s bullish right, but when we zoom out we’re seeing something a lot more different than bullish. That’s a bear flag. If you don’t know what a bear flag is then just google it, but a bear flag, like it`s name is showing, is a bear pattern. There’s no confirmation breakdown yet but if this happen we could see a price drop to the mid $20K - around $25000. We just got to be prepared and the world (and BTC) would NOT end with this. Will this happen only the time will show. When will be the bottom if this happen… Think I have something in my pocket to point the bottom but I`ll tell you more about this if and when this drop happen.
That’s it for now. A simple and clear chart. I hope that such negative charts will be less and less in future but that`s the real life. I have something positive prepared for the next time too plus some trading strategies testing but for all of this… when the time have come.
See ya.
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- Apr 29, 2022 3:27am Apr 29, 2022 3:27am
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- May 11, 2022 6:55pm May 11, 2022 6:55pm
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Staying positive
- Post #9,917
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- Edited at 10:56pm May 11, 2022 8:42pm | Edited at 10:56pm
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,292 Posts
My Bitcoin Analysis..Thoughts? {image}
Do the gaps need to be watched, folks,
I have been playing them with a lot of success,
Possible reversal point, Thoughts?
- Post #9,918
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- May 11, 2022 9:17pm May 11, 2022 9:17pm
- Joined Sep 2013 | Status: Member | 12,311 Posts | Invisible
I LEARNT HOW TO TRADE
- Post #9,919
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- May 11, 2022 10:58pm May 11, 2022 10:58pm
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,292 Posts
{quote} morning mate , yes they have to be watched i like the gap that appears during the day and closes within the hour or so i also have have a very good record trading the gaps , i read a article a while ago regarding reversal gaps cant remember where but some gaps do change the course of pairs , kindest regards ps found it https://www.forexstrategieswork.com/...chart-pattern/
Thanks for that.
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- Joined Mar 2011 | Status: Member | 1,235 Posts