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Tsyuki@bbs profile image
Tsyuki
May 17, 2022 8:56 AM
Something here looks like some sort of reversal on the lower time frame. I usually recognize these by making higher highs and higher lows. You could also see a pattern in it that is a bit more bearish, but you can't 'predict' that in advance. It remains to be seen whether we continue this trend and reclaim that 30k level to possibly test back to 32k. If we managed to get 32k then there is a chance to quickly jump to that level around 36 - 38k. However, there is nothing in the charts to indicate the end of this bearish trend. So watch out!If you would draw a pattern on it, you would get a bearish flag -> continuation of trend.Reminder, none can predict the market! Something here looks like some sort of reversal on the lower time frame. I usually recognize these by making higher highs and higher lows. You could also see a pattern in it that is a bit more bearish, but you can't 'predict' that in advance. It remains to be seen whether we continue this trend and reclaim that 30k level to possibly test back to 32k. If we managed to get 32k then there is a chance to quickly jump to that level around 36 - 38k. However, there is nothing in the charts to indicate the end of this bearish trend. So watch out!If you would draw a pattern on it, you would get a bearish flag -> continuation of trend.Reminder, none can predict the market! 
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