Quote from: exstasie on March 02, 2020, 10:31:39 AM

Quote from: dragonvslinux on February 29, 2020, 11:40:41 AM

Bear flag on 4hr time-frame, vs bullish support on longer-term time-frames. This extrapolation would be a breakdown of the bear flag targeting around $7.4K and again testing the previous maro bull flag resistance turned support trend-line, before continuing the bullish rally to $11.5K. The 4hr RSI ~~remains oversold~~* is in bearish territory while struggling to leave these conditions, indicating room to fall lower.

Bear flag or falling wedge?

Quote from: exstasie on March 02, 2020, 09:56:05 AM

Could this be a (bullish) falling wedge?

Personally I still see it as a bear flag that we negated by breaking to the upside Tongue

Getting rejected at current (200 Day MA) prices would likely create another bear flag struture on the 4hr imo. I do see the argument for a falling wedge, but there are more points of contact with candle bodies from a flag imo. In the same way a descending triangle could be ~~moronically~~ subjectively drawn based on wicks, but not candle bodies.

PS - I did see your post previously on your thread after posting, always appreciate your input in mine though Wink