The larger bear flag, could be drawn more accurately but i'm doing this very basically to show, the breakout above does not seem likely.
For the next few weeks or months, I can see targets of $7300s tops hit, and ranging downward between $6600s - $5800s with the current eco crisis going on.
AS I STATED, MORE OF THESE CHARTED PATTERNS AND DESCRIPTIONS CAN BE SEEN ON MY TWITTER AS I HAVE NOT BEEN PUBLISHING THEM ON T.V, ONLY USING IT TO CHART MY MOVEMENTS WITHIN MY OWN TRADES, WHICH UP TO NOW HAVE BEEN DOING QUITE WELL.
There are more on my feed and better, more precise drawings on the charts + more but I have not had them published.
For the next few weeks or months, I can see targets of $7300s tops hit, and ranging downward between $6600s - $5800s with the current eco crisis going on.
AS I STATED, MORE OF THESE CHARTED PATTERNS AND DESCRIPTIONS CAN BE SEEN ON MY TWITTER AS I HAVE NOT BEEN PUBLISHING THEM ON T.V, ONLY USING IT TO CHART MY MOVEMENTS WITHIN MY OWN TRADES, WHICH UP TO NOW HAVE BEEN DOING QUITE WELL.
There are more on my feed and better, more precise drawings on the charts + more but I have not had them published.
Comment:
*I will start publishing my TA again, though for a long time I've just been using T.V to chart but seems to be interesting and more reaction on here than I get on Twitter where I usually post my charts*
Comment:
The recent pump on 23/04/2020 invalidated my downside predictions. Although I did have targets to the upside of a $7800+/- target along with more, the pump candle hit $7801 on a wick so my target was hit, my trade was beat as I had and still do have a bias to the downside. My upside breakout targets were $72s, $74s, $78s and $8K marks but admittedly I was not expecting that pump at all so my own trade was beat out with a SL in place for $7375. After the $7801 was hit, BTC began a retrace back to currently around the $7500s where we are trading tightly within a small margin currently. My personal bias is still for a pullback but IMO we are at a key point on the chart now and it's basically 50/50 whichever way we will break it. I have more information in a thread with more detailed charts on Twitter. Saying that, as of now, I do think we will be in for a longer term break to the downside though being a weekend in is very uncertain. If you are trading over this weekend make sure you know what your system is and are careful. ALWAYS have a SL in place for such circumstances as what happened with the pumping candle on 23rd April. Always trade from a position of knowledge and be sure you do not get REKT, the last thing we want (I want) is for ANYONE to get liquidated on a FOMO entry. IMO, this was a fake-out and over this weekend we could pump higher again although I do believe once the market regains standard trading come Sunday/Monday, we will see more valid price movement.
I never trust weekend price movement!
I never trust weekend price movement!