JESUSSSSS WUTTT IS GOIN ONNN
So, i discussed the bear flag that was forming, 5 waves finalised with heaps of respect for trendlines.
https://steemit.com/bitcoin/@sourlemonball/btc-usd-respecting-trendlines-12-4-18
Was expecting a break down of this in a bearish situation. Without a doubt this occurred however we stayed within the descending triangle i discussed and then fkn exploded the fuck out of that.
https://steemit.com/bitcoin/@sourlemonball/btc-usd-a-bullish-thought-12-4-18
So we had our bearish breakout , and then a bullish breakout and now price has fkn soared past $7,320 wth MASSIVE VOLUME which got us to the top of our overall BULL FLAG trendline!
IF WE SUSTAIN A PROPER BREAKOUT ABOVE THIS LINE THEN WE ARE GRAVY FOR A FAILED FIFTH AND READY FOR SOME GAINZ UPWARDS! HOWEVER RE ENTERING THE FLAG MAY MEAN WE ARE SIMPLY IN OUR FOURTH WAVE UPWARDS.
So, not getting too excited just yet.
Lets see how this goes overnight, but i'm not getting too excited until i see a clear break of this Bull Flag trendline.
BULLS PUSHED BUT GOTTA PUSH MORE!
Charts
WHAT IN GODS NAME OCCURED
BULLFLAG, see how this goes
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!
Great post @sourlemonball
We had very similar analysis. I too was leaning towards a bearish breakdown, several indicators showing we still had room to the downside. However if I learned one thing in the 5 years trading forex and the 2 trading crypto. It's never what it really looks like haha, keep up the good work mate :)
Crazy isn't it! Have to always be ready for anything in this game! Thanks champion, all the best !
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