Uncomfortable place for a bearish flag.
Moreover MACD is ugly and lower BB not too far.
RSI on its own support ( channel ).
Only Stoch RSI looks "healthy".
Lately each and every pattern was respected: falling wedge, bullish flag, rising wedge, descending triangle.
Now it's time to either confirm or negate this flag ...
I'd suggest caution here.
Moreover MACD is ugly and lower BB not too far.
RSI on its own support ( channel ).
Only Stoch RSI looks "healthy".
Lately each and every pattern was respected: falling wedge, bullish flag, rising wedge, descending triangle.
Now it's time to either confirm or negate this flag ...
I'd suggest caution here.
Comment:
Still within flag.
Price likely to break within 24 hours.
Move down expected, unless 6500$ can be take *soon* and *with volume*.
Price likely to break within 24 hours.
Move down expected, unless 6500$ can be take *soon* and *with volume*.
Comment:
break down as expected.
Comment:
Bearish flag, bullish flag.
Closed 50% of my Long trades at 6900$ mark, as 6600-6900$ was / is the likely "technical" rebound area. The remaining lots will rely on TP, since we have a bullish pennant so far.
Bulls need to pierce through 7200$ to try subverting the trend.
It's a long shot.
Failing to break 7200$ price remains at risk of H&S.
Awaiting SEC announcement ( if any ) on Proshares ETF and CME future expiration as they both can ignite volatility within the next few days.
Be careful, as price may abruptly turn any moment from now.
Bearish flag, bullish flag.
Closed 50% of my Long trades at 6900$ mark, as 6600-6900$ was / is the likely "technical" rebound area. The remaining lots will rely on TP, since we have a bullish pennant so far.
Bulls need to pierce through 7200$ to try subverting the trend.
It's a long shot.
Failing to break 7200$ price remains at risk of H&S.
Awaiting SEC announcement ( if any ) on Proshares ETF and CME future expiration as they both can ignite volatility within the next few days.
Be careful, as price may abruptly turn any moment from now.
4H:
1D:
Marked some meaningful support.