I could be wrong of course but I see more of a Bearish descending triangle. Not a Bull flag, especially the way you draw it.
This is the same formation as BTC when it hugged 6k for ever... I bet it breaks down...
Just a thought...
CryptoNTez
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@purplewavez, never mentioned a bull flag in my analysis =)
purplewavez
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@CryptoNTez, I know but descending triangles are bearish formations... I though you were implying a bull flag as you seem to think this is a bullish formation.. Just bouncing ideas
CryptoNTez
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@purplewavez, Correct, my interpretation is a continuation of the current trend and analyzing the market context it gives me the idea of a break to upside. In another context or just analyzing the pattern yes, its bearish. Thats why the SL
purplewavez
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@CryptoNTez, Nice! yeah... i need to start integrating stop losses... hehe, I'm a self aware perma bull... Best of luck! =)
This is the same formation as BTC when it hugged 6k for ever... I bet it breaks down...
Just a thought...