🔥 Bitcoin Bull-Flag Taking Shape: Preparing For 80k!
In this analysis I want to take a closer look at Bitcoin's performance over the last few weeks. My earlier analyses proved to be wrong, so waiting until the market shows us clarity is always a good idea.
Now that BTC has established two higher-lows after the big sell-off on March 5th, we can say with some confidence that BTC is currently trading in a bull-flag pattern like the one on the chart.
Bull-flags classically break bullish, so we're going to place our target at the closest round number of 80k. If you want to change this trade into a longer-term one, change the target to 100k with an even higher R/R.
Now that BTC has established two higher-lows after the big sell-off on March 5th, we can say with some confidence that BTC is currently trading in a bull-flag pattern like the one on the chart.
Bull-flags classically break bullish, so we're going to place our target at the closest round number of 80k. If you want to change this trade into a longer-term one, change the target to 100k with an even higher R/R.
Note
Quickly approaching the top resistance. Prepare for a potential reversal. In case of a bullish break out, I want to see a big candle to confirm the break out.Note
Top resistance hit
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.