BitcoinLong
Bitcoin | Bull Flag Pushing to 9500
Hello, support the idea with your likes and love to see your inputs in comments, maybe your view is different on price action — let me know.
So in last update i was able to spot cup and handle pattern which bring the price up to 9000-9200 zone.
But what about now?
Now price extended to 9200 and I see developing Bull Flag pattern. Target for this pattern Measured by Height of Flag Pole and placing relatively the resistance of the flag. This gives us a target near 9650. To be safe split target zone to 3 targets at 9270 — 9393 — 9500. SL below 8800 for safety. reduce leverage if you not sure about whole market.
So in last update i was able to spot cup and handle pattern which bring the price up to 9000-9200 zone.
But what about now?
Now price extended to 9200 and I see developing Bull Flag pattern. Target for this pattern Measured by Height of Flag Pole and placing relatively the resistance of the flag. This gives us a target near 9650. To be safe split target zone to 3 targets at 9270 — 9393 — 9500. SL below 8800 for safety. reduce leverage if you not sure about whole market.
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Related publications
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.