Looks like we are forming an uptrend now we are a bid longer in this range, it could be an ascending triangle as well
Normally how you go into a zone that is the way you go out, so for me a bear flag is still very possible. But you have to look both ways so an ascending triangle is possible as well.
Targets for ascending triangle is 7.7k
Targets bear flag 7k or below that, because if we break down this could trigger a waterfall effect of many liquidations.
We broke downwards resistance on other charts, but it didn’t start pumping hard with breaking these lines so be cautious with longing until we break true with volume.
I’ll be looking to opening more shorts. Not feeling confident enough to long at the time in this market!
If you like my charts leave a like or follow.
Want to support me more and trade on bitmex use my link for fees!
www.bitmex.com/register/Ci1A3v
Normally how you go into a zone that is the way you go out, so for me a bear flag is still very possible. But you have to look both ways so an ascending triangle is possible as well.
Targets for ascending triangle is 7.7k
Targets bear flag 7k or below that, because if we break down this could trigger a waterfall effect of many liquidations.
We broke downwards resistance on other charts, but it didn’t start pumping hard with breaking these lines so be cautious with longing until we break true with volume.
I’ll be looking to opening more shorts. Not feeling confident enough to long at the time in this market!
If you like my charts leave a like or follow.
Want to support me more and trade on bitmex use my link for fees!
www.bitmex.com/register/Ci1A3v
