Bitcoin forming a bull flag in 15 M if price break flag (12,400)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After higher price formation breaking the rectangle price is forming a bull flag break of this flag will push the price 12,400 region if the price break below the rectangle this set-up will be invalidated.
rf16saun Damians
@Damians, Yup
why i see that btc will touch 7k<>8k soon
rf16saun investtempo2017
@investtempo2017, Bingo!!!!!
Volume needs to pickup here...
my chart shows its still moving towards 14.6K. what indicators give you those percentages?
Solarmass Solarmass
@Solarmass, resistance at 12k as well
rf16saun Solarmass
@Solarmass, Ehereum had a similar set-up after breaking the rectangle it is still moving high possiblity this might move if the rectangle is not broken to the down side. Yes 12,000 will be taken out if we get a aggressive bull flag break out with a bullish candle, if break out is not bullish will be cautious about potential double top formtion @12,000
rf16saun Solarmass
@Solarmass, this is just based on recent impulse move fro 10,800 and is for short term only 15 M set-up. Yes it looks like new leg higher. This is based on before the triangle break impulse move to a potential similar impulse move if the bull flag breaks, it might move higher did not do analysis on higher time frame
Almost done...
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