BitcoinUpdated Bitcoin, making a bull flag to 7k??!!!
guys, there are so~~~~many confusions in this market!!! everything, every analysis, changes! for now, i'm not sure but btc might?!! be making a bull flag, targeting 6.7~6.8k, and even more up till 7.1k I think.
if so, 5.8k scenario, visiting that spot is invalidated immediately. looking back july, we had a similar pattern. three triple bottoms, and rsi showing bull divergence. making higher highs(but small bull flag making higher lows).
yesterday we had a spark to 6640, today we made it to only 6400ish. but, in bull flags, small time frame, after a spark up, it makes higher lows, and lower lows, and BOOM! makes another high.
we had this crazy pattern, ups and downs, but in the big picture, it might be a bull flag targeting 7k, where 50MA(daily) is at. the top of this upwards movement can be 6.8~6.9k, or 7.1k(rsi resistance), if that breaks
7.5~7.7k. but now, this is such a early call.
today, i saw something different from the bulls. they did not make a higher high, but kept 62~63 as their support. they came inside the 4hr ichimoku clouds!
so if this is true,visiting 5.5k, and 5.8k, is not in the cards for now. but, will visit after a up run. if this bull flag is valid, the bottom visit would only be 6200ish, or 6150~80.. see if it is making that pattern!
even though,for now, i do not consider going long heavily, plan to short at the top. but, i will try some, if this flag really convinces me in the coming times.
good luck!
please leave any comments, i will answer!! thanks~
if so, 5.8k scenario, visiting that spot is invalidated immediately. looking back july, we had a similar pattern. three triple bottoms, and rsi showing bull divergence. making higher highs(but small bull flag making higher lows).
yesterday we had a spark to 6640, today we made it to only 6400ish. but, in bull flags, small time frame, after a spark up, it makes higher lows, and lower lows, and BOOM! makes another high.
we had this crazy pattern, ups and downs, but in the big picture, it might be a bull flag targeting 7k, where 50MA(daily) is at. the top of this upwards movement can be 6.8~6.9k, or 7.1k(rsi resistance), if that breaks
7.5~7.7k. but now, this is such a early call.
today, i saw something different from the bulls. they did not make a higher high, but kept 62~63 as their support. they came inside the 4hr ichimoku clouds!
so if this is true,visiting 5.5k, and 5.8k, is not in the cards for now. but, will visit after a up run. if this bull flag is valid, the bottom visit would only be 6200ish, or 6150~80.. see if it is making that pattern!
even though,for now, i do not consider going long heavily, plan to short at the top. but, i will try some, if this flag really convinces me in the coming times.
good luck!
please leave any comments, i will answer!! thanks~
Trade active
i grabbed longs! it might spurt up, let's see!Note
sold my longs at 6388.hmm if this is a bull flag consolidation is not yet over or it might break down.nothing for sure~
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