Bull flag in Bitcoin's Uptrend channel!
Updated
Yesterday I made an analysis on Bitcoin, where I made a point, that BTC is in a Falling wedge. And it was on point!
https://www.tradingview.com/chart/BTCUSDT/uAUVCqeE-Bitcoin-Bulls-are-Back-in-Action/
Today, we are still in the same uptrend channel, with another try to break from this uptrend channel with a bull flag formation.
I expect the price to retest $10.800.
A real breakout volume is expected, when 4H RSI goes above 60.
Little bit about 4H.
MACD buying wave.
RSI making higher lows.
About to give a buy signal.. hopefully, volume expected.
From 4H perspective it looks like we are in a bull flag and retest of EMA's and the bottom of this flag is possible $10.620.
Lot of bullish aspects can be also seen on the current 2h Chart.
Daily analysis maybe tommorow if I get a hold of it, but more likely on monday.
Get into some Altcoins for the weekend, and have a good rest of your weekend, it's my b-day today so going to party a bit haha..
Tibor
https://www.tradingview.com/chart/BTCUSDT/uAUVCqeE-Bitcoin-Bulls-are-Back-in-Action/
Today, we are still in the same uptrend channel, with another try to break from this uptrend channel with a bull flag formation.
I expect the price to retest $10.800.
A real breakout volume is expected, when 4H RSI goes above 60.
Little bit about 4H.
MACD buying wave.
RSI making higher lows.
About to give a buy signal.. hopefully, volume expected.
From 4H perspective it looks like we are in a bull flag and retest of EMA's and the bottom of this flag is possible $10.620.
Lot of bullish aspects can be also seen on the current 2h Chart.
Daily analysis maybe tommorow if I get a hold of it, but more likely on monday.
Get into some Altcoins for the weekend, and have a good rest of your weekend, it's my b-day today so going to party a bit haha..
Tibor
Note
I expected the price to retest $10.800, which was the top of this bull flag move, which has failed and the price broke down from uptrend channel, no big deal.First major support $10.620 held really well and I expect another test of $10.800.
Note
Bitcoin remain's bullish as it's posting higher lows. Current resistance is $10.800, current support $10.670 
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