Street Fighter: Crypto Continuation Patterns Edition
Bitcoin ultra button combination II: up triangle, down wedge, side flag, down wedge, down triangle, down flag
K.O-
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In this flag I believe BTC has begin to form (will update if the flag is a channel or a triangle), there are opportunities to trade dependant on candlestick patterns at the support. However the bigger picture is the continuation we want to catch. Unless there is immense buying pressure comparatively to selling, BTC won't break the flag, 25EMA and fibline- if these are broken we can re-asses the momentum and potentially set a long but I don't see it occurring out of this flag.
BTC is extended from our 125, a form of a retest could come from a strong buyback in the 5.8-6k area where we could long it after the current short. This will solely depend on the buyback at the 5.8-6k.
Just a short but sweet post~
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Bitcoin ultra button combination II: up triangle, down wedge, side flag, down wedge, down triangle, down flag
K.O-
------------------------------------------------------------------------------
In this flag I believe BTC has begin to form (will update if the flag is a channel or a triangle), there are opportunities to trade dependant on candlestick patterns at the support. However the bigger picture is the continuation we want to catch. Unless there is immense buying pressure comparatively to selling, BTC won't break the flag, 25EMA and fibline- if these are broken we can re-asses the momentum and potentially set a long but I don't see it occurring out of this flag.
BTC is extended from our 125, a form of a retest could come from a strong buyback in the 5.8-6k area where we could long it after the current short. This will solely depend on the buyback at the 5.8-6k.
Just a short but sweet post~
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Comment:
Hit the 7200, waiting for confirmation of horizontal flag.
Comment:
Breakout on this wedge in the flag!
Breakout on this wedge in the flag!
Comment:
Potential short here.
Potential short here.
Flag looks more like this~