BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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More bullish push up coming in and BTC holding tights to its support levels. In the mid-term price is slightly bullish .
THE BULLISH FLAG PATTERN
The bullish flag pattern is different from the bullish pennant flag pattern because of the shape of the flag on the pole.
Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole.
The most important part of this is the break out of price from the rectangular shaped flag. Currently price is outside the flag and needs to close outside it for the confirmation to go long.
VERDICT:
BUY:$3728.2
SELL:$3800 up to $3948
STOP LOSS:$3625
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
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