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BBC- BIG BAD CHART
Okay. This is gonna be a big & nerdy post. Bear with me. I believe a BIG MOVE is coming. I will discuss mainly 2 things in this post. BEAR FLAGS & ORDER BLOCK !
So, I call this the BBC ! BIG BAD CHART!
We've been following this MASSIVE FALLING WEDGE since last year. Watch closely to the chart , whenever we got rejected from the BLUE RESISTANCE TREND LINE , we dropped almost 50-60% in price.
We saw and nailed 3 BEAR FLAGS. Even though the 2nd BEAR FLAG's target is yet to met. Now it seems we're making one more BEAR FLAG. Look where are we at now ? Just around the BLUE RTL. This 4th BEAR FLAG's TARGET is PERFECTLY aligned with the 2ND BEAR FLAG's TARGET which is not yet met.
Now let's talk about ORDER BLOCK. What is an ORDER BLOCK ? It means there are LOTS OF LIMIT ORDERs set on that area. Those orders can be BUY ORDERS , can be SELL ORDERS too. But the point is we have LIQUIDITY on ORDER BLOCK levels. Market always tends to grab the biggest liquidity near it's current situation.
Now, as I was saying , almost everytime we got rejected from the blue RTL , we saw a massive 50-60% dump. So let's see what that means from current price level. A 50-60% dump will bring us to 8k$ level , where there is a HUGEEE ORDER BLOCK!!
Non Financial advise. Do your own reasearch. Trade at your own risk. I can be wrong 100% .
So, I call this the BBC ! BIG BAD CHART!
We've been following this MASSIVE FALLING WEDGE since last year. Watch closely to the chart , whenever we got rejected from the BLUE RESISTANCE TREND LINE , we dropped almost 50-60% in price.
We saw and nailed 3 BEAR FLAGS. Even though the 2nd BEAR FLAG's target is yet to met. Now it seems we're making one more BEAR FLAG. Look where are we at now ? Just around the BLUE RTL. This 4th BEAR FLAG's TARGET is PERFECTLY aligned with the 2ND BEAR FLAG's TARGET which is not yet met.
Now let's talk about ORDER BLOCK. What is an ORDER BLOCK ? It means there are LOTS OF LIMIT ORDERs set on that area. Those orders can be BUY ORDERS , can be SELL ORDERS too. But the point is we have LIQUIDITY on ORDER BLOCK levels. Market always tends to grab the biggest liquidity near it's current situation.
Now, as I was saying , almost everytime we got rejected from the blue RTL , we saw a massive 50-60% dump. So let's see what that means from current price level. A 50-60% dump will bring us to 8k$ level , where there is a HUGEEE ORDER BLOCK!!
Non Financial advise. Do your own reasearch. Trade at your own risk. I can be wrong 100% .
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