#BTC BREKOUT BULLISH FLAG PATTERN!
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I post short mid and long-term trade setups too.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC
In the shorter time frame, BTC breakout this bullish flag pattern add retested it also according to the pattern Tactically we can expect a 10% bounce.
We have 21, 500 as strong resistance
Let’s see how the market reacts in a few hours.
Analysis in the higher time frame
- I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'.
- According to the fractals, one possible scenario is that we tap
14K, before making a 100% move up to 28k.
- This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from
4K to 14K
- Eventually, we would peak around the summer of 2023, with everyone thinking that the macro bull market has resumed.
- Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again.
- People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for 7k.
Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC
In the shorter time frame, BTC breakout this bullish flag pattern add retested it also according to the pattern Tactically we can expect a 10% bounce.
We have 21, 500 as strong resistance
Let’s see how the market reacts in a few hours.
Analysis in the higher time frame
- I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'.
- According to the fractals, one possible scenario is that we tap
14K, before making a 100% move up to 28k.- This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from
4K to 14K- Eventually, we would peak around the summer of 2023, with everyone thinking that the macro bull market has resumed.
- Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again.
- People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for 7k.
Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
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