The flag pattern that occurred in the April 2022 correction year is repeating itself now with a slight but significant difference.



The flag pattern in 2022 was able to touch the 200-day moving average and then continued the decline to record the main low in November 2022.

Currently, the 200-day average is at 86,000, about 10% below the current high, with a strong red block that is difficult to pass, and the same behavior is expected to repeat as in the past.

Where is the fundamental change?
The flag pattern in 2022 occurred before the M angle, also known as the McDonald’s pattern shown in the box, which indicated that the correction had a long distance after the breakout.

But now, the pattern appeared after the breakout, as if it will oscillate longer to take advantage of the remaining time until October in a narrow and slow range, and I do not expect any sharp decline unless there are emergency events.
$BTC $BTC $ETH
#GatePreIPOsLaunchesWithSpaceX #Gate13thAnniversaryLive #

Share with me from here

https://www.gate.com/live/video/8aaf04ff1e4b4401bcf87c190c278092?type=live&ref=VLUXV1XCUQ&ref_type=105
BTC-2,18%
ETH-3,85%
View Original
post-image
post-image
Jack wu
Jack wuJack wu
MC:$25.06KHolders:10
81.46%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin