BTC - break out of bull flag
Updated
BTC has build a nice bull flag an broken out of it with subsequent testing. The low of the bull flag is the 38.2 Fib retracement of the most recent ascend in the 15 minute chart.
Long position, TP1 is the first resistance at 60k, TP2 at 61 500.
Long position, TP1 is the first resistance at 60k, TP2 at 61 500.
Note
The upper trend line of the bull flag is now support at 57744 with the 20 day MA coming in here as well. 50 day MA just below at 57600.
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.