BTC potential bull flag
Updated
We can see a bull flag (black lines) is getting pretty tight in conjugation with a longer term rising trendline (blue line). Let's hope we see enough volume to break through the flag and then form the other shoulder for inverted h&s. After that we need to break through the thin purple downtrend line.
If we break under the blue line there's still the possibility to finish forming the bull flag + we have a support at ~8900 from the latest head&shoulders.
If we break under the blue line there's still the possibility to finish forming the bull flag + we have a support at ~8900 from the latest head&shoulders.
Note
Seems we broke the wedge a little earlier than expected. Volume seems good. Next up the thin purple downtrend line. If we beat that btc is going to new ATH by June.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.