Yesterday, I gave you the bull flag, and I told you that all systems were "GO," in BTC. What happened today? Oh nothing... Just a huge bull flag breakout. Haha Ok enough with the boasting. On a more serious note, it's important to illustrate the power of accurate technical analysis. Now on to the four hour chart! We can see that BTC has run up to the bull flag target area, which is around the 23.6% fibonacci retracement level. We can also see that there has been an increase in buy-side volume today, adding conviction to the bull flag breakout. It's possible that BTC could consolidate before heading higher. However, a sustained break above the 23.6% retracement level would put $18,000, and then the alltime high, in play.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-