Re: [Chart] Worst Case Bear Flag Extrapolation & BTFD Scenario (29.02)
I'm not necessarily publishing this as I think this will happen, see my recent bullish TA in other threads [...]
Today's update (see also best case scenario):
Quote from: TradingView
Looks like we've broken out this bear flag to the upside for now. This doesn't negative the possibility of a worst case scenario to mid sub $8K level, now the Weekly TD is on a Red 2, but it won't be from this bear flag extrapolation that has been invalidated.
As of yesterdays close, I'm feeling more confident about a bounce from these levels due to the Daily MACD histogram confirming bearish exhaustion from oversold conditions (<-175):
As of yesterdays close, I'm feeling more confident about a bounce from these levels due to the Daily MACD histogram confirming bearish exhaustion from oversold conditions (<-175):
I should lock this topic now, but for transparency & accountability I won't.