On the Bitcoin 1h chart we an see a bull flag has formed. Short term Bitcoin will be in a downtrend and bounce between resistance and support. The price target will be approximately at $14142.
Also when entering a pattern, the volume is in a down trend. It’s quite normal for Bitcoin when entering a pattern. Only do breakout trades with volume confirmed will reduce your risk of meeting fake out.
Also when entering a pattern, the volume is in a down trend. It’s quite normal for Bitcoin when entering a pattern. Only do breakout trades with volume confirmed will reduce your risk of meeting fake out.
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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.