abdelkrim maksour
New Member
<div class="bbWrapper">The market is at a turning point now it seems. Going to keep this one short. <br />
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2 options here, it's either a <a href="https://www.tradingview.com/ideas/bearishflag/" target="_blank" class="link link--external" rel="nofollow ugc noopener">bear flag</a> or a <a href="https://www.tradingview.com/ideas/doublebottom/" target="_blank" class="link link--external" rel="nofollow ugc noopener">double bottom</a> . For the <a href="https://www.tradingview.com/ideas/doublebottom/" target="_blank" class="link link--external" rel="nofollow ugc noopener">double bottom</a> we need to see it move inside of a small <a href="https://www.tradingview.com/ideas/bullishflag/" target="_blank" class="link link--external" rel="nofollow ugc noopener">bull flag</a> as we can see on the left. So needs to stay close against the neckline of the W bottom for a while, maybe a few hours. If that will happen, a break upwards is very likely to happen. <br />
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If we see rejection at the current level, so if we <a href="https://www.tradingview.com/symbols/GPW-DRP/" target="_blank" class="link link--external" rel="nofollow ugc noopener">drop </a>again below 155ish, than the <a href="https://www.tradingview.com/ideas/bearishflag/" target="_blank" class="link link--external" rel="nofollow ugc noopener">bear flag</a> option will become much more likely to happen. <br />
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At this point it's difficult to say which one it will be. For the bulls i would say, play it safe and wait a while to see that small <a href="https://www.tradingview.com/ideas/bullishflag/" target="_blank" class="link link--external" rel="nofollow ugc noopener">bull flag</a> play out first. Because than your chances go from 50/50 to almost 80/90%. For the bears, its more difficult, because if it starts to <a href="https://www.tradingview.com/symbols/GPW-DRP/" target="_blank" class="link link--external" rel="nofollow ugc noopener">drop </a>it will likely continue to <a href="https://www.tradingview.com/symbols/GPW-DRP/" target="_blank" class="link link--external" rel="nofollow ugc noopener">drop </a>. <br />
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Based on my <a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" class="link link--external" rel="nofollow ugc noopener">BTC </a>analysis, for now i prefer a <a href="https://www.tradingview.com/ideas/bullish/" target="_blank" class="link link--external" rel="nofollow ugc noopener">bullish</a> outcome, but only if <a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" class="link link--external" rel="nofollow ugc noopener">btc </a>can hold current levels. <br />
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As we can see from my previous analysis, so far it has been moving as planned, so the <a href="https://www.tradingview.com/ideas/bullish/" target="_blank" class="link link--external" rel="nofollow ugc noopener">bullish</a> version would be ideal. Would have been so much easier to say things if we didn't have that Finex issue hanging over the market. But <a href="https://www.tradingview.com/chart/ETHUSD/0sRqCL94-ETH-Double-bottom-or-Bear-flag/None" target="_blank" class="link link--external" rel="nofollow ugc noopener">feels </a>like most already forgot about it. Tether is also on it's way up again, which is good.</div>