Looks like we may have a double breakout, well actually one leading to the other. Please review my thought and possible direction and time frame, the time zone for the first breakout is any time, even before this is released, the second may be a couple of days. Unless it's a massive breakout that breaks both...
people think i should call only the direction its going to go...lol. They need to study more is all I got to say about that...
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I am not an investment adviser.
Thank you for visiting and good luck everyone... Hope you guys make a little profits on my thoughts. Remember set stop losses, short and turn them into profit.
Trade active
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My last Chart, looking at it, I thought we broke out of the channel, so if the bull flag plays out it takes us a little lower. Set your stop loss, Alerts or what ever you have so you can take profits when we land.
Trade active
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Zooming Out, I need to update this chart, but are we forming another triangle at accumulation? Another view...
@GageP, if fact it is, that's what I had on the last chart. If you look at it, it seems that we fell out of the channel, The only reason I didn't continue the channel is the drop out of the channel had no volume. But it can still play out because the bottom line of the channel I had, may have been in the wrong location. Regardless, may it be a channel or an triangle, it's going to suck for the bulls... one will take us to 8.6k range and the channel can take you to 6.2k?
@GageP, thank you, yeah after looking at my last chart, you're right, the channel is still valid. For some reason this is the chart that was in my head i guess...lol it was ETH...
GageP
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@Vascoins, we do a lot of hard work, don't we? Trading isn't easy. I'm constantly redoing my charts and changing my mind. Lol
Vascoins
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@GageP, Yup, that's what cracks me up when people say; Hey of course you are right, You changed the chart as you go along!!! They don't understand trading, I don't change the chart, Bitcoin does. lol.. Again, thank you for responding and always feel free to question, we may both learn something... :)
UnknownUnicorn100937
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Both paths seem well outlined and logical. Good job.