Zekis

Bitcoin (BTC): Classic Bullish Flag or Classic Trap?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Classic Bullish Flag pattern for Bitcoin ( BTC ) with a nice leg and accumulation zone, if Bitcoin will respect it, it will do the right thing and go up, but as we know, Bitcoin does not respect anything and we can see another Bart Head pattern.

MACD is turning to bearish , RSI is overbought, but Stochastic RSI is going step by step to an uptrend, so who should we trust? (P.S. Nobody!)


BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
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It could be either or. This is why stop losses are important.
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Zekis CaptainQuickWit
@CaptainQuickWit, It seems the up going is the way right now
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@Zekis, probably, but if it does it's gonna go right back down once this rally is over.
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Zekis CaptainQuickWit
@CaptainQuickWit, Yes...the old pal Bart...
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