The initial trading idea of the bull flag is still in play:
We are now forming an ascending triangle where I see the chance of breaking that to the upside slightly higher.
Therefore you could by at the support of the triangle. Please be cautious because it could also break to the downside.
To play it safe you could also trade the breakout (breakout, retest, resumption).
After the pump caused by the news that Tesla has bought $1.5B worth of BTC we see a bull flag forming.
After a confirmed breakout (breakout / retest /resumption) I see a good chance that we reach a price between $50.000 and $52.000.
We have resistance at $50.000 and have been forming an ascending wedge.
There is no way I would short this but be careful with your positions if the ascending wedge comes into play.
In that case I would take profits earlier than the targets of my posted ideas:
The ascending triangle from my previous idea is still in play:
I draw it a little bit different now.
There is also an ascending triangle below the current one. Maybe this one comes into play.
