Chart patterns still suggest a downturn, possible breakout soon.

29 thg 6, 2019

If you look at the chart patterns, we still have a bear flag, and a rising (kinda) wedge. When you combine this with the blow off top (after parabolic rise), the odds are still in favor of the bears. On the other hand, this is reminding me if what happened around 7.5k, its good to remember this is a bull market and the correction might not happen at all. Regardless, it looks like we are near the end of a wedge so a breakout is about to happen soon.

29 thg 6, 2019

Ghi chú

note: new to trading, just figuring these patterns out, don't make trades using this.

29 thg 6, 2019

Ghi chú

apparently the rising wedge pattern I found is actually an ascending triangle (just found out about this pattern), this increases the chances of a breakout to the upside but I still think a correction is more likely.

30 thg 6, 2019

Ghi chú

and it has began.