This has been a very difficult flag one which has waiting until the last possible second to do a bullish fakeout and then also a bearish fakeout. Seeing as how we are at the end of the apex I'm guessing it will be quite difficult for it to do yet another fakeout downward...also futures have expired today so there's no real reason for whales to push it down...the fud about the Winklevoss rejection has also now been counteracted with the chairwoman of the SEC "dissenting" with the ruling(conveniently timed). Her reaction tells me we might very well see an ETF approved in the near future. I'm gonna go out on a limb here and say we are going up and the dip we just saw was just a dip buying opportunity. Of course I could be wrong we could be end for a mind boggling triple fakeout..but this time I think we are going up. Thanks for reading *not financial advice*
Comment:
s3.amazonaws.com/tra...shots/a/AlPN2Q8a.png The pennant on the 4hr chart...has morphed into a standard bullflag from which we have closed 2 4hr candles above but it is now threatening to reenter the flag. This could potentially morph the flag into a downward channel but it may also be that its instead just a bull flag on the 1 day chart...so let's take a look at the 1 day pattern as well: s3.amazonaws.com/tra...shots/p/Pobc7MZR.png on the 1 day chart it appears almost like a potential falling broadening wedge: