carvil_

BTC - bull flag on the daily chart

Long
COINBASE:BTCEUR   Bitcoin / Euro
It looks like BTC is forming a bull flag on the daily chart , since hitting ATH on Jan 8th. There's a trend line acting as support since December 21st, and we're getting close to the confluence point between that trend line and the bull flag's support. I'll keep watching for now, and plan to add more if we get a breakout above the bull flag's resistance.
Comment: One thing to note, though, is that we lost both the 8-day and 21-day MA. We held the 50-day MA on the 22nd of Jan, so let's see if we can reclaim those MAs first.

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Thanks for always sharing your thoughts.
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