BTC fly or die? Weekly bullflag and supports

I'm probably not the first to notice but there is a large bull flag still in play on the weekly chart and the 70 EMA is moving up to support. Also price is at the 0.78 fib retrace line so we could well be about to see a return of the bulls.

A break to the downside could see the price cut in half again from here so either way as always were in for a hell of a ride :)

Yorum:

Just to add to this, there are actually a few areas that btc could move down to and still create a bullish flag.
I feel like a break down of the current trendline is more likely than a rally at this point.

Yorum: