BTC failed to break and hold below 11500.
Flag forming after a decent bullish run. Completed 5 touches within the channel so now looking for a failed attempt at a 6th touch on the lower trend line which will create a HL then a push out of the flag for the next bullish run. Support now created at around $11,430 so expecting the HL to be created around there.
RSI is currently still sitting above support which adds to my bullish bias.
Targets:
One - $12,000
Two - $12,500
Three - $13,267
Four - $13,887
Five - Moon
I won’t be bearish on BTC unless we break and hold below $10,500.
Flag forming after a decent bullish run. Completed 5 touches within the channel so now looking for a failed attempt at a 6th touch on the lower trend line which will create a HL then a push out of the flag for the next bullish run. Support now created at around $11,430 so expecting the HL to be created around there.
RSI is currently still sitting above support which adds to my bullish bias.
Targets:
One - $12,000
Two - $12,500
Three - $13,267
Four - $13,887
Five - Moon
I won’t be bearish on BTC unless we break and hold below $10,500.