BTC, everybody knows about the bullflag
Hello everyone,
today I want to talk about the obvious fact, that BTC is in a big bull flag, since it formed the 74k high. But the way how it moved out of the lowest point of that flag isn't impulsive at all unfortunately. There is only a three wave move, followed by some more choppy price action, so to trade it safe, we need more confirmation.
I added some support levels (orange) and a trend line (green) to the chart. If you like to follow my thoughts I will talk about the development of the price action within that bull flag in the upcoming weeks.
today I want to talk about the obvious fact, that BTC is in a big bull flag, since it formed the 74k high. But the way how it moved out of the lowest point of that flag isn't impulsive at all unfortunately. There is only a three wave move, followed by some more choppy price action, so to trade it safe, we need more confirmation.
I added some support levels (orange) and a trend line (green) to the chart. If you like to follow my thoughts I will talk about the development of the price action within that bull flag in the upcoming weeks.
코멘트
Close to the breakout
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