Bull Flag Pattern (viewed as buying opportunity)
Hi everyone.
The crypto market declined this week. but, not very much. On thursday, I suggested that there are two scenarios.
Russia-Ukraine Tensions:
Personally: What are the chances the Russians will ""actually"" attack the Ukraine?
Answer: Zero (Fake news- War News- Too important to ignore).
Scenario No. 1
All needed information is now available (at least for trading purposes)
1- Bull flag pattern,
2- Wave 2 = 0.5 length of Wave 1
3- Wave 3 = 1.62 length of Wave 1
4- Wave 4 = Zigzag
5- Wave 5 = 1.62 length of Wave 1
6- Target= $ 50000
7- Invalidation level (stop loss) = $ 39300- $ 39500
The crypto market declined this week. but, not very much. On thursday, I suggested that there are two scenarios.
Russia-Ukraine Tensions:
Personally: What are the chances the Russians will ""actually"" attack the Ukraine?
Answer: Zero (Fake news- War News- Too important to ignore).
Scenario No. 1
All needed information is now available (at least for trading purposes)
1- Bull flag pattern,
2- Wave 2 = 0.5 length of Wave 1
3- Wave 3 = 1.62 length of Wave 1
4- Wave 4 = Zigzag
5- Wave 5 = 1.62 length of Wave 1
6- Target= $ 50000
7- Invalidation level (stop loss) = $ 39300- $ 39500
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