BTC... PERFECT BULL FLAG FORMATION
Updated
looks like everyone stopped calling 15k and 16k and new ATH targets !
WHY 15-16k target now ?
1- This idea is pretty contrarian now while many waiting for that 8400 target !
2- bull flag formation after a strong rally is an indicator for continuation.
3- altcoins carnage with many hitting daily 200 MA and below.
4- Because WHY NOT !
Unless market is looking for double bottom for alt coin market I expect this is just a final shakeout out followed with sideway move for alts while btc continues to new yearly highs. (check 2015-2016 for similar pattern)
(PLEASE NOTE THIS IS NOT A TRADING ADVICE ITS JUST AN IDEA SO PLEASE TRADE AT YOUR OWN RISK!)
WHY 15-16k target now ?
1- This idea is pretty contrarian now while many waiting for that 8400 target !
2- bull flag formation after a strong rally is an indicator for continuation.
3- altcoins carnage with many hitting daily 200 MA and below.
4- Because WHY NOT !
Unless market is looking for double bottom for alt coin market I expect this is just a final shakeout out followed with sideway move for alts while btc continues to new yearly highs. (check 2015-2016 for similar pattern)
(PLEASE NOTE THIS IS NOT A TRADING ADVICE ITS JUST AN IDEA SO PLEASE TRADE AT YOUR OWN RISK!)
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BTC .. FOLLOWING GOLD ?
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a closer look on 1h <deleted>
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The last 4 digit buys ever !!Note
at this very moment we are out of 4 digit bitcoin .. HISTORY IN THE MAKING !Note
BTFD ! and hodl your 4 digit bitcoin !
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