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Bitcoin
Long

BTCUSD, Bullish Flag, LONG

By krypsys
Updated
The chart pattern shows a strong bullish move(the pole) and a slow bearish trend(the flag). This pattern looks like the bullish flag pattern, implying the uptrend will continue with another strong bullish move. Per theory, the next reversal breakout will be approximately 1300 BTC, as the height of the pole implies.

I'm a noob learning chart patterns, so please don't take this advice seriously.
Note
The current downtrend breakthrough seems to be fake.

At lower timeframes, it seems to be forming an ascending triangle, indicating a pushback to an uptrend.
Note
At lower timeframes, the uptrend continues with the Livermore Cylinder pattern.
Chart PatternsTrend Analysis
krypsys

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