Bitcoin has formed a bullflag here. I did also put a measured move that could happen if this plays out.
Volume needs to confirm.
Volume needs to confirm.
Note
More conservative traders can wait until a close above 9200 at least :)Note
!! Not financial advice !!Note
Another possible scenario
Note
I realize that almost everyone was looking at this or some variation of this pattern, so that is probably why it didn't play out.If too many people are looking at the same thing then the opposite happens most of times.
The pattern was too obvious.
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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.