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Chefrusty
Apr 5, 2020 12:47 AM

Small Bull Flag to $8K 

Bitcoin / U.S. dollarBitstamp

Description

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...
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