Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can always be exceptions to the bullish continuation but those are always a low probability. Let’s see if we can reach this full breakout target of this recent bull flag before any significant pullback takes hold. If we do we may just surpass the first top of the last bull run and be very close to nearing the current all time high *not financial advice*
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Upon further inspection the measured move target for this bullflag just so happens to be the exact same price as the first of the 2 tops we had last bull run. Very interesting indeed. This may be a very appropriate zone for a correction once we reach it but then again, as parabolic as things are goin and if it does close as 3 green soldiers it could also very easily continue to pump.
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Already super close to this target ready hah I gues that answers that question.
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With this much of a pump on today’s candle, it kind of eliminates the potential green soldiers pattern, which adds some probability to this being a fulcrum point now that we have hit more or a less a pip to a pip and a half away from the full target.
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Target hit!