GerryB

A Potential Bull Flag forming on the daily

Long
BITSTAMP:BTCUSD   Bitcoin
My previous triangle for consolidation became invalid with the latest surge. However, a larger corner indicated in yellow remains the bigger picture potentially forming a bull flag. The 50 sms is creeping nicely up hugging the median blue dot looking the close the mouth of the 'whale' with the 200 sma.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.