The price is following our expectation. The bottom line of the triangle has been touched, and this confirms the negative flag pattern A strong drop is expected at the end of wave E, so you should be careful Positive: above the price of 43,000 If the price of 43,000 is breached, an update will be placed on the chart
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Good luck
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The price reached the red rectangle, then began to decline, beware of a sudden drop
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Expected next movement Breaking 41,000 cancels this scenario
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here we start If the price of 33,000 is broken, there will be a bloodbath in the market
Don't disagree, although the breakout could be either way, right? Also, there's been a lot of the same fears that have been playing out from a few years ago that are just nonsense (China pulling the plug on exchanges, SEC decisions etc.), yes they are not big fans, but who cares! How many times are they going to keep playing the same record.
SALAH-LH
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@antonini2002, I do not care about the news, what matters to me is the chart
The flag pattern is always complementary to the trend and here we have a downward wave
sgpaschak
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@SALAH-LH you got it! I think it is going to retrace down to the 30k level before consolidating and probably resuming its trend back up.
SALAH-LH
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@sgpaschak, The price should not return below 31,000 in order to continue rising, although I see the decline inevitably coming