A Tale of 2 flags

So when you currently look at bitcoin on the 4 hour you'll see it's consolidating into a nicely sized bull flag...usually a really good sign for bulls...but after the last bear pennant had so many fake bearish -and- fake bullish breakouts that its structural integrity eventully collapsed under it's own weight, there's a good chance that any of the upcoming flags could meet the same non-breakout fate/demise in this current market where the main participants are the whales ...So tread carefully...it was upon me trying to reconstruct that busted 4hour bear flag that made me realize while zooming out to the 1 day chart that there was now a nice sized bigger 1 day chart bearflag that was bound to wreack havoc. What's more though when I went back to the smaller charts I spotted a nice sized bullflag on the 4 hour chart ...so we literally have a bull flag encased inside a much bigger bear flag.... who do you think will win out?...All I know is for now I'm still short unless we go above the last highest high around 7220...or if we get down to 6021....whatever you decide to do for yourself just expect the unexpected a all times. and that this is not financial advice thank you and happy easter! Thanks for reading for now I am still temporary short until I see higher highs/higher higher lows to signal the start of a trend reversal

Note

Well it appears the bul flag has been triggered taking us finally to a higher high which finally takes the reigns away from the bears....not necessarily in the bulls control yet though as you want to see a confirmation higher high as well...as in after the next retrace you wanna see a higher low...and then a higher high after that as confirmation...hopefully we get that, otherwise there's a chance the bottom might not yet be in. So very crucial to keep an eye on how far we dip on this next retrace and whether or not we create a new higher high on the way back up but also very smart to buy in once the new high was hit...as there is some good bull volume surging to carry us up and now that the bull flag breakout is confirmed we have the potential to go up to $7652 befor any major retracements

Note

possibly even higher if you can afford alt coins nows the time to pick some up on the cheap...I already owned steem well above its current price so although it is mooning I havent added any to my position when it was down to $1.50 otherwise I'd be sitting pretty with that one...vechain is doing well as well, and several other alts.

DrDovetail

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DrDovetail