BTC potential bull flag
Updated
We can see a bull flag (black lines) is getting pretty tight in conjugation with a longer term rising trendline (blue line). Let's hope we see enough volume to break through the flag and then form the other shoulder for inverted h&s. After that we need to break through the thin purple downtrend line.
If we break under the blue line there's still the possibility to finish forming the bull flag + we have a support at ~8900 from the latest head&shoulders.
If we break under the blue line there's still the possibility to finish forming the bull flag + we have a support at ~8900 from the latest head&shoulders.
Comment
Seems we broke the wedge a little earlier than expected. Volume seems good. Next up the thin purple downtrend line. If we beat that btc is going to new ATH by June.
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