After a good price increase, it is now stuck in a daily time frame pattern and is controlled in a resistance and support area.
But when we look at the weekly time frame, the flag pattern is quite obvious and the expectation of the corner pattern failure goes up.
In my opinion, the best buying area is the price in three steps, 0.52, 0.618 and $ 0.4, and I set the loss limit at $ 0.35.
In case of failure from above, in the first stage, the price is expected to increase to $ 1.18 as much as the base of the corner and then $ 2.2 as much as the flag bar. Of course, you should keep in mind that depending on the position of Bitcoin, it may be a slightly erosive trend.
But when we look at the weekly time frame, the flag pattern is quite obvious and the expectation of the corner pattern failure goes up.
In my opinion, the best buying area is the price in three steps, 0.52, 0.618 and $ 0.4, and I set the loss limit at $ 0.35.
In case of failure from above, in the first stage, the price is expected to increase to $ 1.18 as much as the base of the corner and then $ 2.2 as much as the flag bar. Of course, you should keep in mind that depending on the position of Bitcoin, it may be a slightly erosive trend.
