TrendFather

BTC 8400 Soon?

TrendFather Updated   
BITFINEX:BTCUSD   Bitcoin
The movement is in the bullish flag, while the price moves below the global resistance level of $ 9212. It can be seen that the sellers do not allow breaking the resistance level of $ 9212 and most likely there will be a decrease in the price in the flag to $ 8400 (Plan A).

Plan B: If buyers break through the resistance level of $ 9212 and fix the price above it, then the price can reach $ 9400-9500 and most likely the flag will be broken.
Comment:
I apologize for the mismatch of plans in the picture and in the description.
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.