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CryptoBullGod
Sep 24, 2019 9:09 AM

Bitcoin Daily Bull Flag Long

Bitcoin / U.S. dollarBitstamp

Description

Daily bull flag pennant still holding. Dotted line is a wildcard for me and totally possible; if that occurred, we would still be in a bull flag. That is because bull pennants/flags can have either the solid/dotted line base. And as always, this is my educated guess pertaining to the pattern in the charts. Many are calling for a descending triangle. While that certainly is a possibility, I believe that is less likely given the prior bullish action creating the bull pole, w/current consolidation forming a pennant. Time will tell!
Comments
ssari
So are you buying\holding?
CryptoBullGod
@ssari, Yes: "long" implies that:) Even if I am wrong, we are at the early stage of a multi-year bull-run.
ssari
@Minisham37, I asked because I like to see people backing their statements\posts. I agree with your overall conclusion, its up. Besides the 21 weekly EMA support argument, I have this as well
CryptoBullGod
@ssari, Chances are, if I post about it, I'm making some sort of play on it directly related to my TA. Thanks!
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