Monthly chart bullflag has a breakout target around 115k
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Ihave arbitrarily placed the measured move line for the bullflag breakout in the month of October but there’s always a chance it stays in the flag longer than that, in which case the measured move line would get moved over to the right and slightly lower each time it does. If it breaks up by october and validates that breakout the measured move target will be around 115k. *not financial advice*
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Breakout s beginning to look validated. Next months candle should provide the ultimate confirmation, if this month’s candle keeps pumping from here though the breakout will end up being confirmed before next month’s candle,
Note
Definitely validated, did not need to even wait for an additional monthly candle when we have the largest monthly candle in bitcon history on our hands here; already over halfway to the target.
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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.