Another day of tiny volume, drafting what people is starting to call another “Bart” pattern, this time inverted.
Actually, if we want to be more rigorous with the TA and Pattern Recognition nomenclature this is what is called as Bear Flag… again…
Flags or pennants used to indicate a sudden acceleration of the price, it could be upwards or downwards but, since it is placed at then of a long candle down it is more likely that the acceleration would occur by tthe same direction, downwards…
Also, I feel it must be downwards since the EW-count still has some room to add a
BITCOIN: Equal Patterns = Equal Results?
January 21, 2019
Published by timm
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