A descending channel/bullflag reveals itself on btcusd

Sep 20

The pole looks more obvious on longer timeframe charts but the flag/ channel itself is best illustrated on the 1day time frame. In fact there is a much longer pole than the one shown here on the monthly chart, but I didn’t go with that one because the flag on the monthly is more of a horizontal channel than the descending channel shown here on the 1day chart. *not financial advice*

Sep 23

Note

Bitcoin acting like it may revisit the bottom trendline again which is now being overlapped with additional support from the 200ma.

Oct 6

Note

Looks like we have confirmed the breakout on this bullflag. We are currently nearing the target for just the channel portion of the flag alone.