#BTC Bullish Flag Pattern 1D
#BTC is showing a bullish Flag Pattern on 1D, which includes -as we know-
- The flag pole
- The flag
- The continuation
The Flag pole, starting from the bottom at 6875 which represent a major support and was a big price bounce from it, ends at 10427 the Highest price in this trend.
the flag was formed after the correction starting from the previous 10427 level until -+ 8350 which was a good support on Jan. 24,2020 to bounce from it and continue the uptrend.
the Continuation Started as I think from the previous level @8350 zone and will go up with some corrections from time to time to reach 11831,
Many of you will ask why that level (11831) ?
The point is that the flag pattern when formed, we take the length of the Flag pole, and clone it when the flag is formed, so I expect to see the same length of growth to 11831, the same level is a major Fibo level 1.618.
If you like my idea, Like or comment, share your opinion, don't be shy.
- The flag pole
- The flag
- The continuation
The Flag pole, starting from the bottom at 6875 which represent a major support and was a big price bounce from it, ends at 10427 the Highest price in this trend.
the flag was formed after the correction starting from the previous 10427 level until -+ 8350 which was a good support on Jan. 24,2020 to bounce from it and continue the uptrend.
the Continuation Started as I think from the previous level @8350 zone and will go up with some corrections from time to time to reach 11831,
Many of you will ask why that level (11831) ?
The point is that the flag pattern when formed, we take the length of the Flag pole, and clone it when the flag is formed, so I expect to see the same length of growth to 11831, the same level is a major Fibo level 1.618.
If you like my idea, Like or comment, share your opinion, don't be shy.
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