BTC Bull flag with potential break out targets.
It seems we have formed a downward channel and these channels when there is a break its most commonly a break up. On the hourly we seem to have formed a bull flag as well with a potential break out happening now. There is still a big chance we face rejection off the top of the channel and flag and head back down but for now.. things look good. If a break out does happen, take it fib level by fib level but my long target is there.. I wont feel safe until a 4 hour close above 51500.
Disclaimer
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.