Chefrusty

BTC Weekly Bull Flag, Golden Pocket, 2017 Trend Line

BITSTAMP:BTCUSD   Bitcoin
All above in Title are true. The chart is plotted in the Weekly Time frame, but shown in the 2Day time frame. Bull Flag is still in play on the Weekly, but using the 2 day to zoom in a little.. The 2Day Golden Cross is also in play as the 21EMA is holding thus far...has just Re-traced to the FIB Golden Pocket(from last Low 8635 to Last high 10418), and also a re-test down to the 2017 Macro Trend line, If BTC holds here and gets a good bounce then the Bull Flag target remains 14,000+ Could also go down further to 8K, Shall see...There will be a higher low from the 3850 base sooner or later...

Opinions welcome, thx

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