BTC/USDT 4H (Bull Flag?!!)
- Greetings my fellow traders after a long break
- there is a bull flag shown in the chart and there is 2 possibility in my opinion as the price has been stuck between 37300$ and 38200$, at the moment price is getting to close to the end of the flag, first possibility is breaking resistance 38200$ which is also the top of the flag and grow as much as the first wave even though Optimistically price can reach to 42500$-43000$.
- second possibility would be seeing the price drop from this area or breaking the flag towards bottom which in this case we can optimistically see the price reaching 33500$, 31300$ or even 29500$.
- support levels that we are going to meet will be: 31500-32000 and dynamic support that had saved the price in it
- my personal opinion is still 50-50 and I rather not trade in triangles which is considered as no trade zone.
- good luck my dear traders
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.