/biz/ - Business & Finance

Bull flag vs. bull trap Anonymous Mon Nov 9 21:26:56 2020 No.23829150 [View]
File: 584 KB, 1488x1122, Pattern.jpg [View same] [iqdb] [saucenao] [google]

For those of you who trade, how do you personally differentiate the two and know whether the rally is done or consolidating for another leg up? This chart can easily be read as a bull flag/continuation. It can also be read as a bull trap or the sort of echo impulse after a steep rally/correction.

LINK has had a very sharp rally leading up to this, and 13.3 is strong resistance so I hesitate to bet it can break upward. The 1 day candle chart has both the stoch and conventional RSIs looking ready for an impulse down, but I try to keep in mind that anything can happen in crypto.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

Navigation
View posts	[+24]	[+48]	[+96]

/biz/ - Business & Finance

Search: