KryptOkib

BTC, Bull Flag formation after break of Symmetrical

BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
As we can see in the btc chart, the symmetrical triangle has broken, the demand is still in place, the lows of 28k is still intact hence i still remain bullish on BTC.

What we have on a smaller time is an ascending triangle which has broken to the upside now but yet to confirm close, but overall, we are now seeing a bull flag or a descending channel which is the overall bullish pattern that is forming.

Probably my expectation of a range remains one more leg down into demand before we get to see the break out of the bull flag.

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