CHECKING CRYPTO MARKET CAP. FOUND THIS POTENTIAL FLAG PATTERN (DAILY CHART). MARKET CAP. JUST HIT LOWER LINE IN THE PATTERN. Also, market Cap just hit DZ (MONTHLY). Target could 500B. in market cap. Lets see how players react in the following days. BTC halving is taking place in May.
flag that goes lower than the flagpole?
no indicator of volume?
Andresa30
⋅
@Etch1234, price has not closed below flagpole. I admit, pattern looks weird. If we see this chart and follow Elliot Wave theory, I see that this action is still in play (wave two has not retrace 100%. We will see. Thanks for your comment!
Etch1234
⋅
@Andresa30, good point, the close was above. Important to bear in mind, flags don't normally, but can rarely retrace more than 50% of the flag pole. Is wave 2 up or down?
no indicator of volume?