BEAR FLAG OR TRIANGLE ?
Hey guys,
here's my idea on both scenario that can happens to BTC
both bullish but one with a extended correction and one with a smaller one.
1) As we can clearly see there's a bad bear flag formed by BTC here, if confirmed it'll leaf BTC down to the 8xxx$ that will be an amazing zone to re-enter the market but BTC will have to jump fast from there or it'll turn bearish easily.
2) The triagnle : it's easy to see the nice triangle BTC formed from 14k to now ... a breakout of 11650(+closeD) will confirm the correction is done and it'll be time to long again , The safe trader will wait for a break of the 12400$ as it's our last lower high and rule says we need to break the last lower high to confirm the correction/bear movement is done
So here's the zone im looking to :
1) breakout of 9500$ so i'll target 8550/8250$
2) a breakout of the 10500$ to target 10900$, then a breakout of 10700$ to target 11250$ (and we'll still be in the triagnle)
3) And finally a breakout of the 12400$ to confirm the start of the next leg-up
For now i'm staying flat, not financial advice and shit
but i do advice to wait for a fucking breakout + confirmation before doing anything stupid.
LOVE
here's my idea on both scenario that can happens to BTC
both bullish but one with a extended correction and one with a smaller one.
1) As we can clearly see there's a bad bear flag formed by BTC here, if confirmed it'll leaf BTC down to the 8xxx$ that will be an amazing zone to re-enter the market but BTC will have to jump fast from there or it'll turn bearish easily.
2) The triagnle : it's easy to see the nice triangle BTC formed from 14k to now ... a breakout of 11650(+closeD) will confirm the correction is done and it'll be time to long again , The safe trader will wait for a break of the 12400$ as it's our last lower high and rule says we need to break the last lower high to confirm the correction/bear movement is done
So here's the zone im looking to :
1) breakout of 9500$ so i'll target 8550/8250$
2) a breakout of the 10500$ to target 10900$, then a breakout of 10700$ to target 11250$ (and we'll still be in the triagnle)
3) And finally a breakout of the 12400$ to confirm the start of the next leg-up
For now i'm staying flat, not financial advice and shit
but i do advice to wait for a fucking breakout + confirmation before doing anything stupid.
LOVE
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