BTC plan for summerBTC prices have been consolidating below the monthly resistance for almost 3 months. This is bullish.
In my opinion, a bull flag is being formed. My strategy is as follows:
If a monthly candle closes above the monthly resistance trendline, it's a BUY signal.
A better BUY would be when price falls to the lower range of the current flag, around $57000 - $59000.
Actually, I'm waiting dips at lower prices to increase my bags. But I'm ready for both scenarios.
My mid-term take profit will be around $100,000 when prices hit the long-term weekly trendline. For long-term target, I've already posted my analysis (see link below) with cycle target around $120,000 but this would be ajusted to higher one. I may update this long-term analysis in the future.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.