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FieryTrading
Jan 25, 2023 6:16 PM

🔥 Bitcoin In A Bull-Flag: Waiting Break Out! Long

Bitcoin / TetherUSBinance

Description

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After the push from 21K to 23K a couple of days ago, Bitcoin has been trading within a tight range. In my eyes, this is a bull-flag pattern waiting to break out. I'm looking at the blue lines for potential targets.

Patient traders wait for the break out through the top resistance. If you prefer riskier bets, try to enter from the bottom support of the flag pattern.
Comments
MG1986_
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Google bear flag fist please!
Then analyze
FieryTrading
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@MG1986_, Oops, you're correct. Changed it.
BigFrenchChicken
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Nice catch on the bull flag/pennant, whatever, i know what you meant. Violent rejection, but looks to be inching up...

Short SOL, but guessing I will get stopped out. Dont trust this rally, but price is truth.

Good call.
DeGRAM
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Thank you. Great job.
jham27
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Wow, spot on. Nice job.
DipBuyer83
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Hmm I was confused for a bit, but it got me to click and check it out 🚀
Abmoon
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Agree with you! Nice idea.
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