cool, i have seen a flag pole pattern before..nothing quite like this though. you think the correction is done already? or to retest 3,500?
nzhoenfx
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Hi @Blorenz,
Thats a very good question and sorry for my late reply..
If you see about my last idea from sitting moon (II) you should see my next target is now at 4700 and now i'm thinking fpr 4600 just only for hedging. or i'll open sell order if the price rejected from the current flag.
As you can see the flags, our bitcoin now have a strong support which represent by it.. the flags is represent strong trendline.. and about the rules .if the candle closed below the pink flag our next target is the next flag ( gold flag ) and so on. same rule for the fib also. so now about the question is our bitcoin now heading to the 0.618 for correction.. i believes that will never happened in the near days.. as long the candles not closed below the flags and fib 0.768.. plus for an extra is not closed below the pitchfork median line.
I hope it will help answering your question.. thank you for a kind words, Have a very good day Sir..
Lorenz_Capital
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@nzhoenfx, Thanks for the reply, that is some good analysis. I went in 1/2 risk earlier today at $4,000 but I was hoping we would see it come down near the 61.8% so that I can load up. this momentum just seems to be unstoppable right now - buyers can't get too picky, take what you can get
nzhoenfx
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Hi @Blorenz, That's very good decision, I am glad you're doing well :)
Absolutely agreed.. its all about momentum, how to make a good decision to ride on a right bullet train.
For now i only expecting the correction is not more under $3900 And when the price is there, I'll be ready.