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theRaggy
Nov 29, 2021 10:09 PM

BTC Bull Flag Breakout Confirmed Long

Bitcoin / U.S. dollarBitstamp

Description

Tread Idea - Short Term
BTC has broken bullish out of a bull flag on the hourly and 4 hourly.
This gives us a target to our next zone of resistance around 60K.
We have some serious catching up to do for the S2F model to get to an average price of 100K by year end.
On-chain = Bullish, TA = Bullish but very high levels of derivative positions around so the next move will be volatile in the markets decided direction.

Happy hunting,
TheRaggy
Comments
financier_
you were right) agree that price will be ~61k and then we will go up or down
theRaggy
@zzoomm32 - it looks like it! I'll be picking up a lot of BTC around 52.5 & 53K if we find ourselves there in the coming week.
financier_
Maybe 52500 first? ;)
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