BTC Bull Flag - One More Lower Low Possible
Formation stood out to me on a line chart where wicks aren't included. Seeming to respect this downtrend channel fairly well, which after such a steep run up, says flag to me. However, if we were to fill out a 3 Dives Pattern, which still seems very possible, we would be looking at one more leg down before liftoff, to around the 27k range. I think were far from truly topping out this bull run, however, I think the range of the past 2-3 weeks will act as bottom support for our eventual major crash. I.e. i see us breaking 100k at some point this cycle, and then correcting to as low as 30-40k.
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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.