BTCUSD_Bullish_But expecting the worst and being thankful!
Markets move in the correct direction with as few traders as possible. Knowing that BTC is going to trade as irrationally as possible. Price is expected to retest the lows. Reversals anticipated.
This bull flag looks way to obvious. Usually when formations look this good markets become as painful as possible. I expect price will flush out traders before moving higher.
There is historical evidence of price setting up bull flags and moving in the opposite direction initially then moving in the right direction. So we are going to try and get the best entry possible on the fake out.
36 bars/days seems to be relevant in other posts even in different context of what I've drawn here which is very interesting.
Excited for what this formation could hold! Post your opinions!
IF you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Binance data shown. This is NOT investment advice.
This bull flag looks way to obvious. Usually when formations look this good markets become as painful as possible. I expect price will flush out traders before moving higher.
There is historical evidence of price setting up bull flags and moving in the opposite direction initially then moving in the right direction. So we are going to try and get the best entry possible on the fake out.
36 bars/days seems to be relevant in other posts even in different context of what I've drawn here which is very interesting.
Excited for what this formation could hold! Post your opinions!
IF you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Binance data shown. This is NOT investment advice.
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I'm 45% invested in ETH at $813
Goodluck traders!