Is this the next flag? Trading above the ATH will perhaps bring dynamic into the BreakOut
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teh flag/triangle is narrowing..a desicion has to be made soon!
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anticyclical Long? (not my favourite)
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i wait for the procyclical ATH-BreakOut
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anticyclical alternative: buying the mangenta 38,2
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both anticyclical ideas have a wonderful Chance-risk-Ratio -as always when you Play against the trend....i don`t prefer countertrades
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the flags bottom was bought
let`s see if this is sustainable..
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perhaps we have to adjust the flag
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Attention pls!
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ris is deep red now
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exactly kissed the 38,2 min correction fibo - rsi is thrashing around
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ok! the flag isn`t a flag anymore! BTC crashes through the next support!
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on july 21 i asked: omment: which fibo will be the tp of the consolidation?
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btc tends to retrace full..let`s see
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in the daily we see a BIIG Double Top!
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as long as btc will stay above ~ 2380, it would be the best to stay a hodler if you are still on bord;-) The up-momentum is as long alive as we trade not below the fibos...trading above the max fibo 61,8 is still bullish and a chance for a turnaround exists. Below the max fibo, you can`t even more speak of a consolidation in the upmove, no, than you know that the double top has won the technical game.
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here is the rsi buying signal
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the retest of the breakout Niveau at 2616 was sold again, thats bearish...we have a new shortterm 12-2-3 Count
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if we break through the red 2 a new low should be exspected
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tp is 2382, the 0,5 fibo , perhaps that will be a trading opportunity in the hourly chart
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is this the end of the consolidation or will we see the next round?
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triggered bullish wedge
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no bottom at present...is the max fibo really the object of desire????
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the bullish wedge is triggered and active now
it seems that the 0,5 fibo stopped the downswing. Now, btc should not trade below 2525 again
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phantastic!
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yihaaaa
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Nice H&S!!!