Bull FLAG for BTC on weekly Long
Bitcoin / U.S. dollarBitstamp
Description
⋅ I have been posting recently, mostly NON-technical analysis for btcusd. But here is a very easy to spot BULLISH continuation flag.
BTCUSD should expect either one of two scenarios (Technically speaking):
1- Continue through the channel by retracing back to around 25k.
2- Break anytime soon (Refer to my idea about timing : ), to reach 29k, then 33k.
Since, I am expecting bitcoin to gain mainstream support after June 8th, then both are actually possible.
In all cases, By end of June, BTC should finally break out of this channel.