🔥 Bitcoin Bull-Flag: High Risk-Reward Entry

2023년 12월 26일

BTC has reversed yet again from the 44k area and is currently in a short-term downtrend. In case this downtrend will continue for the next few days, I want to be prepared.

I'm eyeballing an entry from the bottom support of the bull-flag pattern. High probability that this area will cause some kind of reversal.

With a stop below the most recent swing low and a target at 48k, we can construct a very decent trade with a R/R of 7,64. A more risk-averse trader can take profits around the top resistance of the flag-pattern.