DrDovetail

A simple bullflag breakout on the weekly could take us to 12.1k

Long
DrDovetail Updated   
BITSTAMP:BTCUSD   Bitcoin
Breakout target from the current weekly chart bullflag we are breaking out of is the 12.1k range 3 horizontal lines of resistance stand in between the breakout target and where we currently sit. I think these resistances may only prove temporary at best based on how insanely bullish btc has been and think the 3 white soldiers pattern we got just now on the daily chart was a big bullish signal but also when we closed as a bullish engulfing candle on the weekly last sunday that was a huge hint as well. I think reaching the 12.1 target even with those 3 horizontal resistance lines in between at this point is very probable. The big correction of 31-41 percent may not occur for a good while yet at this point so it is now much safer to only buy dips instead of selling or shorting.
Comment:
Bull Flag target has been reached with authority only 3 days into the new weekly candle...impressive. it may retrace her but could also very easily continue up with the next potential resistance at 13050
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