Chefrusty

Small Bull Flag to $8K

BITSTAMP:BTCUSD   Bitcoin
Time for my long term chart again...a small bull flag gets BTC to $8K the Daily 377EMA 200 EMA and the 200SMA are all around $8000-$8200....Not to mention the 61.8% Fib Golden Pocket... Bounce up there , then fall to the bottom red trend line to re-test it. This would respect the follow thru of the 2 Day Death Cross. I would check that out on your charts and back test it. up to a 50% drop might be ahead... you can see the bull flag a bit better on the 12 hr chart...

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.