angelbaetrades

BTC1! on Daily - Bull Flag

Long
CME:BTC1!   Bitcoin CME Futures
BTC1! on Daily - Bull Flag

A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag.

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