BTC pattern repeating - strong buy in a month? for BITSTAMP:BTCUSD by matyas_bures

supportandresistance trendline flagpattern btcusd btc bullflags btcpattern repeatingpattern

We are going through something similar as we did in May.

After the drop, a bearish candle formed with a very large wick, that confirmed the previous strong support.
Then a bull flag started to form, and when it hit the support BTC went to set new ATHs.

What happened couple of days ago?
✅ - last candle of the drop - large wick confirming support
✅ - a bull flag is forming

Just a chance?

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.