Bitcoin Bullish flag outlook

Bitcoin has been trading inside this flag like structure since 19th December, 2018 till date and we are expecting to see breakout from this structure any time soon.

Looking more deep inside this Flag structures we can see lot of bear flag forming after one another.

From my chart i show Bear flag with Red Flag and Bull Flag with Blue flag icon.

We have been having same pattern with the bear flag breaking down but this time we may have it breakup but we should keep all our eyes on both sides. But We may have surprise breakup to change the whole pattern.

Presently we has tripple bottom which confirm the strength in the recent support level we have and if we break down from the present forming bear flag we should find support at the trendline joining all the tripple bottom together which is around our POTENTIAL REVERSAL Zone level 3245$-3330$.

But if we breakup our immediate target will be the top level of the bull flag at 3725$-3855$.

Quick flash back on some of our previous BTC view, I talk about possible history repeating itself here, do check it out and if we are to go with this post our target will be 5200usd-5600usd

Trade active:

I saw a setup on 2hours timeframe that resemble rising channel formation. Do take a look guys

Trade active:

Trade active

Trade active:

Presnt view of the last bear flag on 4hrs timeframe, look like we have some room upside before it drop or breakup.

Comment:

Looking through the bear flag formation on 1hr timeframe show us some opportunity with inbuild Bull flags forming to reach the last bear target before potential breakdown or breakup.

Trade active:

possible Inverse HS

Trade active:

Price still holding the flag pattern

Trade active:

Price keep ranging within the bear flag with rising channel outlook. This is interesting we should expect huge move soon.

Trade active

Trade closed: target reached

Trade closed: target reached

Trade closed: target reached