DrDovetail

giant bull flag has a target of 77k if confirmed

Long
GEMINI:BTCUSD   Bitcoin / U.S. Dollar
lots of bullish confluence at the moment and this is our third overlapping bullish pattern right here that we are currently breaking out of...It is also a valid bull flag on the weekly chart as well but I chose to show it here on the 1 day timeframe to better illustrate the trendlines of the flag. not 100% validated just yet but looking good and with all the other pattern breakouts acting in concert with this we have enough bullish confluence to greatly increase the odds of this breakout being validated. Probability currently favors a breakout to the upside....if this occurs we should head to 77k...however we must remember that this could be more valid as a weekly chart pattern then a daily chart pattern so the climb to reach the 77k target could take several weeks. *not financial advice* .
Comment: we are currently consolidating inside a smaller bullflag that once we break up from should help us reach our full target at 77k we are still very much on track here.

Comments

Moon boots on ;)
+1 Reply
Great work as usual Dr. Simple, zoomed out perspective. Thanks!
+1 Reply
@ealsup, Thanks for your feedback as always ealsup!
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