Formation of Bull flag on Bitcoin Long

Bitcoin / DollarBitfinex

Description

⋅ Oct 18, 2018 12:10 PM

Hello friends,
After the recent rally above $7400, the price has found support in the $6700 area.
As I was analyzing the chart, I could see a bull flag formation which means prices would rally up above the $7000 mark again.

Comments

coolsake

⋅ Oct 18, 2018 2:00 PM

I can see a descending triangle.

silmaril0875

⋅ Oct 18, 2018 2:53 PM

@coolsake, you right. Maybe a descending triangle is now bullish? :)

Behrouzzz

⋅ Oct 18, 2018 1:07 PM

a rally above 7400? OMG people like you really need to find some other job to do

amasiphoto

⋅ Oct 18, 2018 12:48 PM

Those are not dollars, they are USDT and worth about 5% less. Why using Bitfinex charts that are obviously misguiding?

silmaril0875

⋅ Oct 18, 2018 2:54 PM

@amasiphoto, I think so many people don't understand the problem is USDT. When it drops 25% they'll very quickly see how much $ they lost.