This is somewhat of an update to my previous post describing the possibility of a bull flag on the 4-hour BTC chart
It seems I was partially correct. Price did spike up in a bull flag, but was knocked back down. I did try a trade, but it is likely I will be stopped out soon.
There is the possibility of a bull flag on the charts for BTC. I am looking for a jump to $8900 in the next day or so if my prediction is correct. If, however, we break down back into the parallel channel then we may be looking for more substantial downside action in the coming weeks.
This is an update to my previous post. I simply wanted to draw cool arrows on there to indicate more efficiently where I believe the price action to be headed.
Yesterday we reached approximately $8500. There are two long term trend lines I am looking at right now, the bottom of which indicates support in the near future of around $4750.
It is entirely possible we will have to reach this level before going back upwards to test the new upper limit to this trend.
My last trade was $11700 short to $8600 approx.
I may...
