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Bithumb Bullflag

I was just about to ask the same question...

Maybe you can make an arbitrage opportunity.

Now that would be a bullish downward pointing flag. Hence it does not change anything in the forecast: it should go up!

I agree. It might influence a BTFD decision by waiting for the dips of alts that fluctuate with btc.

both coinbase and BFX showing bullish pattern but consider - if coinbase is right, then we are almost done with E, if BFX is right, we still have a ways to drop (and coinbase will likely break below the triangle before eventually pulling up when BFX breaks out).

Another question: what's scale should be used? In 4-hour chart, wave C looks like only half way through, but in 1-hour chart, it clearly shows it's on wave e. thank you!

1 hour Chart

btc_11_30_1hr.png

4 hour chart

btc_11_30_4hr.png