The chart pattern shows a strong bullish move(the pole) and a slow bearish trend(the flag). This pattern looks like the bullish flag pattern, implying the uptrend will continue with another strong bullish move. Per theory, the next reversal breakout will be approximately 1300 BTC, as the height of the pole implies.
I'm a noob learning chart patterns, so please don't take this advice seriously.
I'm a noob learning chart patterns, so please don't take this advice seriously.
تعليق:
At lower timeframes, the uptrend continues with the Livermore Cylinder pattern.
At lower timeframes, it seems to be forming an ascending triangle, indicating a pushback to an uptrend.