Bitcoin Bull Flag or Top Formation
Updated
Not been around past week due to personal circumstances. Not going to update now, because this price action sucks. All i can say now is, that if we get a daily close below the 9200/100, normally triggers a sell signal, normally at least the same size as the candle.
To many mixed signals for bulls and bears to give any predictions, with alts being very bullish. Think personally we should make a correction at least, but i know can just as easily go up with crypto. So think this daily candle is a good thing to follow for now. If it breaks the support, has to happen with some volume as well!
My assumption of the ABC correction clearly didn't happen, but if this daily candle plays out, could but the start of it from current levels. The ones who know me, i am NOT an EW guy, because i don't believe in exact counts, but i do believe in the general theory.
Will try to make a real analysis soon again
Previous analysis:
To many mixed signals for bulls and bears to give any predictions, with alts being very bullish. Think personally we should make a correction at least, but i know can just as easily go up with crypto. So think this daily candle is a good thing to follow for now. If it breaks the support, has to happen with some volume as well!
My assumption of the ABC correction clearly didn't happen, but if this daily candle plays out, could but the start of it from current levels. The ones who know me, i am NOT an EW guy, because i don't believe in exact counts, but i do believe in the general theory.
Will try to make a real analysis soon again
Previous analysis:
Note
New ETH analysis:
Note
I still can't find the update button for comments on my phone, why i posted it in the comment section below. Kinda weird, because it should be there.This is not exactly the reaction I expected to see, a small stable drop like this. Weird, several times support broke and we wicked back up in no time. Now acting like that never happened. Don’t know yet what to make of this
Note
New Bitcoin analysis:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.