Huge bull flag. Just consolidation before spike to 60k?
Hello traders,
Let´s look at bigger time frame chart. On 1D BTCUSD i see possibly huge bull flag forming. Pole basement i see at 19,5k. Flag is usually long 30-50% of the pole size. In this case 50% is around 30-31k, exactly at the space where price is bouncing from for last couple days. So, it this support holds, and we will see pump and daily closes above upper flag line, we may see another BTC bull run. BTC already lost 33% from the ath value and i think that this scenario is possible. But for now it is just speculation to keep eyes on. But if this really happens, i think also BTC.D will grow, because many investors will run to BTC to catch this pump.
What do you think?
I appreciate like & follow
This is just idea, not investment advice
TRADE WITH BRAIN, NOT GREED
Let´s look at bigger time frame chart. On 1D BTCUSD i see possibly huge bull flag forming. Pole basement i see at 19,5k. Flag is usually long 30-50% of the pole size. In this case 50% is around 30-31k, exactly at the space where price is bouncing from for last couple days. So, it this support holds, and we will see pump and daily closes above upper flag line, we may see another BTC bull run. BTC already lost 33% from the ath value and i think that this scenario is possible. But for now it is just speculation to keep eyes on. But if this really happens, i think also BTC.D will grow, because many investors will run to BTC to catch this pump.
What do you think?
I appreciate like & follow
This is just idea, not investment advice
TRADE WITH BRAIN, NOT GREED
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