Bear trend is not over yet
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Above is just an idea in case we sideways longer to build bigger pattern. It might drop earlier too
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1) Artificial pump
2) No new buyers
3) Dump
4) Repeat
Thats how bull stakes are made
2) No new buyers
3) Dump
4) Repeat
Thats how bull stakes are made
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Does it look familiar
the present
the past
the present
the past
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Triangle city
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Interesting... finally bulls showing strength
main pattern remains the same which is bigger, better bear flag
main pattern remains the same which is bigger, better bear flag
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it looks like a third elliot wave
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My primal bear flag was compromised so I think bulls will try to retest this downtrend (orange) trendline which then should tell us the further direction
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My thoughts short term
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similar price actions. Won't be surprised if they do it again. They repeat paterns all the time. Different timeframes, same story
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Above is just a possibility but I am not certain about breaking the downtrend yet. If something interesting comes to my mind I will share
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This bull formation might be a bearish crab
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Support should be around this green EMA. If it holds then it will be good signal for going up more
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Bulls are on fire but near heavy resistance now. MIght form another inv h&s
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Honestly, it might be epic bull trap too which for me is more likely but lets see
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Rising wedge on 4h bear div and 1h bear div and smaller timeframes too. Probably last bull charge before retrace
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Possible H&S setup
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Possible H&S setup
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4hr is bearish. Retrace to 7600 level possible
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Just for fun. It was too perfect not to draw it
