After the last few days of fucking up readings of charts and people actually seeing it, because I'm posting about it, I'm not feeling too confident. My earnings are doing fine...but that's partially due to swift action, and because I always hedge my bets, and am divested with multiple coins. I actually earned enough to buy some HIVE to power up.
Which is why you shouldn't trade based on some idiot on the internet saying something. They are giving you a portion of the picture. Which is why I frame my posts as "Hey, look at this! What do you think?" and end most of them telling people to educate themselves, so they don't trade without their own ability to look at something and consider it.
With all that being said, it sure does look like BTC is flagging!
Nope, it's just being a bitch.
Earlier in the timeline, that actually looks like multiple little bitchy flags.
And Flags get less guaranteed as they go on.
So now it's in an ascending triangle? WTF does that even mean?
Continuation of what? Going up with the flags, or going down from that last flag?
What do you think?
Also not trading advice. Educate yourself.
Edit: Seems to be doing exactly what I feared. Starting to enter a downward channel.
Or perhaps the same one? It honestly just looks like a massive flag to me. It's not going further up tho, is it?
Is it going to ride this channel for a while, or flash up, or crash?
Edit: Funny story...turns out that was a massive flagging pattern...
In retrospect it's fucking obvious. Rounded bottom, ever increasing spikes up. Flagging sideways. Then BOOM!
I'm gonna have to wait until it makes some more movement from that massive spire before I buy back in. I don't do well at the top of the chart.
Trade responsibly! Educate yourself!