UnknownUnicorn15881386

UnknownUnicorn15881386

so people always have liked to predict a crash because there is no other felling like the I TOLD YOU SO moment but this is simply a up channel that's about to explode to the upside but some people got stuck in the dips up we go not financial advice

UnknownUnicorn15881386

So we have done this a lot of times before and the last time is noted on the chart But that time Corona crashed markets ... not that the trend couldn't continue it could have And this time it will continue Look back on the weekly there is 2 ways this plays out Either straight up minimal pullbacks Or it starts to slow down the angle and dips get bigger as...

UnknownUnicorn15881386

weekly broke the wedge and found support on the 20 ma

UnknownUnicorn15881386

Above 36 37 or else this is bearish

UnknownUnicorn15881386

the way up it taking longer and longer possibly means a drop

UnknownUnicorn15881386

but i think let the chart speak still triangle more no direction to come

UnknownUnicorn15881386

trap

UnknownUnicorn15881386

seems like sellers are in control

UnknownUnicorn15881386

but volume shows you wwhat traders are doing thats selling

UnknownUnicorn15881386

using lower time frames draw the red line which is wrong since if youre looking at weeks of data the 1 hour or lower can be misleading blue lines are correct in my opinion

UnknownUnicorn15881386

still leaning bearish but open eyes open mind

UnknownUnicorn15881386 Updated 

title says it all

UnknownUnicorn15881386

so a bullflag how does it work why does it indicate a move up and when is it invalid so bullflag is a move up by buyers generally and then a pause in momentum while it goes sideways or down SLIGHTLY then a continuation up if it breaks out which indicates that buyers are still in control and you can join the move with them WHEN IS IT INVALID ? a bullflag can be...

UnknownUnicorn15881386

if it fails here

UnknownUnicorn15881386

When people are trapped in trades and they all start rushing for the exit it can create a large force to break the support on the other side This was a distribution move for bulls to sell high or shorts to enter On the lower timeframe 5 min you can see the move up to 38k created sort of a bull flag BUT the problem is that the pole had low volume and the flag...

UnknownUnicorn15881386

As mentioned before playing out nicely

UnknownUnicorn15881386 Updated 

Breakdown dip buyers trap And capitulation

UnknownUnicorn15881386

broke the triangle only 1 line is visible retested and failed