Bull flag beats out bear flag; new higher high established.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As you can see we have busted up out of the bull flag and thus also upward out of the bear flag as well...I have posted 2 price targets for a bull flag breakout one that considers the pole of the flg to be just one of the green candles a price point we've already reched...and then another prie point in case the entire bull flags pole was also the long green candle just before that as well. I'm glad to see we've finally gotten a candle above the 50MA buy sell line as well...if we can close 5 consecutive 4 hour candles above the 50MA(in orange) aka the buy sell line...then expect thigns to get very bullish very quick with a domino effect ensuing. We continue to trigger higher climbs the odds are great that we will be reversing the death cross and triggering what's known as the golden cross which would help make things mega bullish . so not only do we have the potential to climb higher just from the bull flag breakout but by breaking out of the bull flag we also broke out of the bigger bear flag which would have an even higher potential climb in store for the price action if that breakout is confirmed which I believe it will be. So for now I'm switching to long I will only switch back to neutral or short if on the enxt retracement we get a lower high or if when we climb back up from the retracement we get a lower low...to confirm the bulls are noe in control after we got this higher high..w.e need the confirmation of then a higher low on the retracement followed b a 2nd confirmation higher high...I'm confident we will get that....this is not financial advise however so you make up your own mind. Thanks for reading!
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