They are the same! The bull and the bear pendent /flag. The only difference is the direction they started from. For example all the bearish pendents / flags come at the end of a down trend, and all Bullish pendents / flags form at the end of an uptrend.
look at all the examples and look where the price line started.
OK... Thanks. I did NOT catch that starting point of the graphs, the first time around.
So we can take a snap-shot of the price performance at any given time and say this is the BTC price direction probabilities that seems most likely based on this particular pattern, and so it seems that we are overall in a downtrend, a tht emoment, especially if we look at various periods of time since early December 2013.
Actually, we could randomly pick any large variety of time periods between early December 2013 and present and we will likely conclude that we are in a downtrend and thus bearish.
However, as soon as we pick any point in time prior to mid-November 2013, then it appears that we are going to have to conclude that we are in an uptrend, no?
Yes, I do understand and accept the concept for the short-term analysis, but it would be very difficult to escape contrasting that shorter-term analysis with longer-term analysis in order to have a more complete picture of projecting both the short-term and the long term probabilities of BTC prices. No?