Get started
DrDovetail

Breaking upward from current bull flag can take us to 6.9k

Long
Bitcoin (BITFINEX:BTCUSD)  
DrDovetail Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Chart Patterns BTCUSD BTC Bitcoin (Cryptocurrency) Bullish Patterns FLAG 200ma 4hr
5
11
trendanalysis indicator chartpattern btcusd btc bitcoin bullish flag 200ma 4hr
Current resistance form the 4hr charts 200ma (in blue is causing us to form a bull flag...the pole of the bull flag should send us to a target just under 6.8k and allow us to finally surpass the 200ma and hopefully flip it from resistance to solidified support. I have a feeling FOMO will send us slightly above the 6.8 zone to 6.9k and possibly even to test the psychological 7k line if we are to have a successful bull break. I'm feeling optimistic about the likelihood of a break upwards so I'm listing this idea as long. Of course I will as always be prepared and ready for the exact opposite outcome as well.
Comment:
looking like more of an ascending pennant at this point: s3.amazonaws.com/tra...shots/i/iI140RBT.png
Comment:
The Ascending Bull Pennant has morphed back into a standard bull flag: www.youtube.com/watch?v=vlD083ko...
Comment:
wrong link the youtube link is irrelevant meant to post this instead: s3.amazonaws.com/tra...shots/j/JaT8ySsM.png
Comment:
it may be turning into a descending pennant: s3.amazonaws.com/tra...shots/0/0LzhPsjm.png
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.