rexlomax
Long

Bull flag or Bull trap?

POLONIEX:ETHBTC   Ethereum / Bitcoin
7 months ago
Previous price action has been lots of manipulation with low volume since we reach 0.023
Top could be much higher than anticipated.
I would suggest going long around 0.0205 with stop loss 0.0203 Targeting 0.0216 primarily
Im making a long from 0.0203 to 0.0216 primary after that we need to watch the signals.
if price shows much force and power this could turn out to be a big Bull flag on the 4Hr time frame.
So ultimate target could be 0.026
Also 3D chart and 1D are showing bullish signs.
1D could go inside cloud giving push to 0.026 in the upcoming week
Trade with caution, be safe.
7 months ago
Trade active: This looks like it will take the RED arrow..
I'm currently long from 0.0204 stop loss is the same price
Target 0.0216 and 0.0230 it could extend to 0.026 which is expected.
7 months ago
Comment: First target reached, lets see how it develops today, i still think it could reach 0.022.
7 months ago
Trade closed: target reached: Now is not time to buy, this could extend up to 0.023 but it's not worth the risk in my opinion.
Better to short here to around 0.021 and see how it holds to get back in long position.

Related Ideas

VerthagOG
7 months ago
down from here probably , with btc recovering .
Reply
rexlomax VerthagOG
7 months ago
Didn't happen, but 0.023 it's good price to short
Reply
phlogistax
7 months ago
What do you think now buddy? Short?
Reply
rexlomax phlogistax
7 months ago
Best to short now in my opinion, but we gotta see how it develops it could be too soon.
Reply
MikhailBugakov
7 months ago
Hi! But after some time it will be possible to say that the flag or the bullpen? And what are the signals?
Reply
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