junkofdavid2

junkofdavid2

I think a clearly bullish pattern is when there's a "well-known and basic" bearish signal and yet it closes higher. It shows strength and it's like the market says "f. you" to the bearish signal and goes higher. (Vice-versa also applies; if there's a well-known and basic bullish signal and then closes lower, there will be further bearish movement). In this...

junkofdavid2

Just due to similarity of past pattern

junkofdavid2 Updated 

Could crash to zero and I'm psychologically prepared for that, but I also wouldn't short it coz of this...

junkofdavid2

Based on history, these flags seem to be very consistent bull patterns (but I wouldn't call it until it breaks out). That said, this latest pattern looks like a hugh copy of the past similar flags. If it does turn out to be bull flag like the past ones, the upside will be monstrous; in Godzilla proportions. However, also within this flag, even if it turns out to...

junkofdavid2

Upward break plus height of the wedge seems to indicate continuation of $300 to $600. At $300, that would take it close to previous all-time-high and then possible correction. $400 and above will take Bitcoin to new all-time-high.

junkofdavid2

Height of the triangle was $350 to $450. Based on that, we may hit an ATH of 7,400 to 7,500. Let's see.

junkofdavid2

Up or down depending on where it breaks; but based on height of the triangle, that may be a $350 to $450 move... It's a small/short triangle horizontally, so the breakout will be very soon... hold on tight

junkofdavid2 Updated 

Others may see a classic head and shoulders, while I think a triangle may be forming. Let's see if it breaks up or down. Impatient people need not worry, it's a short triangle so we'll see soon enough! :)

junkofdavid2

Almost identical pattern as previous all time high... What do you think?

junkofdavid2

Or is the slope still too steep, so it's still part of a dump? What do you think?

junkofdavid2

Hi, I feel very bearish too right now in terms of feeling and mood, but does anyone else see these (very) basic flag patterns right now? What am I missing? (Sorry if I'm amateur!) Cheers