I meant to say I would rather make a video than right multiple paragraphs trying to explain something that requires some visuals.
Anyways, the video says it all, there's always got to be more than just the chart formation that you look at when deciding on how to play a trend or potential breakout/breakdown and how to tell when it's just a fakeout.
As you can see, the bear flag also got denied at the 100-day MA for BTCUSD
I am bullish when it comes to BTC as well, though my confidence largely derives from what the SEC would do to other cryptos to sort of elevate BTC to this risk-free-ish investment status.
EBITDAtiger
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@JamarLamarsJamarsonLamar, I agree. That's why I tagged it as a blue chip but also there is a major bullish case because the largest asset manager in the world BLK , Blackrock just joined with COIN , Coinbase to create crypto access/platform. Fidelity is working on it as well. Institutional adoption will put more jet fuel on the fire than the SEC eviscerating sh*tcoins and lower quality/class protocols.