It is commonly held that the length of the mast indicates the potential price increase. Like the Flag, the is considered to be a pause in an uptrend. Following the , the price typically jumps to replicate the height of the mast, while continuing in the direction of the inbound trend. This means we wil go up to at least 600 there we have resistance and then make a new possible uptrend to around 615.
I hope this gives you a new perspective on the economic situation of the last few days and if you like my analysis and/or my description, please like!
Have great day and good luck guys! :)
I also use a 'quirky' indicator, the Ichimoku Kinko Hyo, which on the 1h, shows BTC is channeled in, where it is supposed to be right now. On the 30m shows 595 max, and on the 15m, shows it moving above the cloud, which signals a drop in price is coming, indicating 590 on that chart.
Lastly, Stochastic RSI shows a large overbought signal on 30m, which if bots are trading on technicals, a lot of algos use Stoch RSI and 30m. Which means bots will be pulling back now.
tl;dr educated guessing based on fancy graphs =)