$BTCUSD - Bullish flag and Fibo levels
Hi guys! 👋🏻
🔔 Bullish flag is being formed on BTC/USD
🔔 The Fibonacci divergence of the latest impulse replicates a support at 0.5 Fibo, however Bitcoin might as well drop to 0.618 Fibo to a massive support around 59K.
🔔 The retest of
59K would be a drastic uptrend signal as it not only holds the dynamic support of the bullish flag but a dyanic support of February 28.
🔔 Also there is a stable static support at 59K, hence sooner or later BTC will jump towards 68K and as the volumes increase, Bitcoin will proceed towards 70K and 78K. This ending diagonal formation might suggest a bearish reversal, a strong reversal but since March 2020 we have seen many times that BTC simply ignored the pattern and was rather bullish on the completion of this pattern than bearish.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Bullish flag is being formed on BTC/USD
🔔 The Fibonacci divergence of the latest impulse replicates a support at 0.5 Fibo, however Bitcoin might as well drop to 0.618 Fibo to a massive support around 59K.
🔔 The retest of
59K would be a drastic uptrend signal as it not only holds the dynamic support of the bullish flag but a dyanic support of February 28.🔔 Also there is a stable static support at 59K, hence sooner or later BTC will jump towards 68K and as the volumes increase, Bitcoin will proceed towards 70K and 78K. This ending diagonal formation might suggest a bearish reversal, a strong reversal but since March 2020 we have seen many times that BTC simply ignored the pattern and was rather bullish on the completion of this pattern than bearish.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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