Long

BTC/USDT Will this Bull Flag/Falling Channel play out?

Updated

There are many who say BTC continues lower from here. I don't know the future, but either pattern is bullish. Also it looks like the first higher low will happen on the daily chart (7/18/21) in 5 days. If this is confirmed it would again validate the pattern and indicate a trend reversal.

Note

So the idea is still valid thanks to the positive PA today. Looks like we went through a major bear trap. I'm still bullish on this idea of a bull flag/falling channel ...time will tell!

Note

Well...so it's hard to stay disciplined. But if you trust your TA and charts, you WILL be successful!

Ryn0nTX

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.