carvil_

BTC - bullish flag breakout?

Long
COINBASE:BTCEUR   Bitcoin / Euro
It looks like BTC is breaking out of the bullish flag that started in January. RSI and MACD are both looking good, however the volume pattern isn't convincing.

I'll wait for confirmation tomorrow. Thoughts?
Comment: So far it this idea worked beautifully well, and it looks like we will get to new ATH soon. It’s above 8-day, 21-day and 50-day MA, so I remain bullish! 🚀

Comments

I love this method
+1 Reply
So far it this idea worked beautifully well, and it looks like we will get to new ATH soon. It’s above 8-day, 21-day and 50-day MA, so I remain bullish! 🚀
Reply
tbh macd & CCI show a too weak push upwards. Maybe price goes up a few points but I'm guessing it's the last push before major correction.
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carvil_ Alfred_Hitzkopf
@Alfred_Hitzkopf, interesting, thanks for your comment. I see some weakness as well, but this could simply be a consolidation phase for the next leg up. So far, no major support have been breached, but it can change fast!
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@carvil_, yeah the 31,400ish lvl is a hard one. Let's see what the future brings :)
+1 Reply
RinusVN Alfred_Hitzkopf
@Alfred_Hitzkopf, @carvil_: Any updates? Thanks!
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@RinusVN, a very cautious prediction: MACD & CCI show a divergence in 1h chart. Right now, price tests resistance of order block from 01/29. My guess: we reached the top.
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RinusVN Alfred_Hitzkopf
@Alfred_Hitzkopf, Thanks for the fast reply. I'll keep an eye out for the drop. ;-)
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