DrDovetail

Still speculative Mobthly bull flag has 126k target

DrDovetail Updated   
COINBASE:BTCUSD   Bitcoin
Ok so at this moment this thing is still speculative even though it is indeed a valid bullflag in its current form…,if it doesn’t break up out of the bull flag on the next retest of the top trendline then odds are pretty good the flag will then start to grow too long get nullified as a flag. It would still be valid as a rising channel though. Anyways, let’s say we do break upward from the flag the next tIme we retest it’s top trendline. I arbitrarily placed the dotted measured move line where I think the next top trendline retest will be at, and at least from that area btc would have a breakout target of 126k. At the moment, this is a valid Chart pattern. The good news is we will know by next top trend line retestif it is or is not a bullflag. For now its valid but also “speculative”. *not financial advice*
Comment:
LMAO just saw I put mobthly in the title instead of monthly. Now they won’t let me edit it. I figure you all knew what I wa trying to say though so no worries. I kinda like the sound of the word mobthly though so let’s get it into the modern day lexicon by figuring out a cool definition we could pin to it.
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