BitcoinLong
BTC Bull Flag?
-On the daily there is a lot of sideways movement, with bullish and bearish candles overcasting each other.
We're poking out of a down trend line from 1.18.18 (Triangle Apex) on linear scale, however volume if still very low at the moment. This could indicate a move down if bulls don't move soon.
https://www.tradingview.com/x/zdXxerMl/
-4HR RSI is showing hidden bullish divergence
https://www.tradingview.com/x/Tf7cSRMk/
-4HR and 1HR CHARTs indicates some more sideways movement into consolidation possibly.
-Daily Pivot has caught any down moves today and yesterday.
-Custom Alligator MA's are moving up slowly with price (1HR)
Target 1 = 10250 (Fib Extension .236)
Target 2 = 10975 (Fib Extension .618)
Stop Loss = Breakdown of Triangle, or a hourly close below 8900.
From an observation perspective, longs/shorts are at 1.1853, which is an area BTC frequently goes through in up and down trends.
Also, that price spike on the 28th had mostly bullish volume although resulting in only a small move up.
We're poking out of a down trend line from 1.18.18 (Triangle Apex) on linear scale, however volume if still very low at the moment. This could indicate a move down if bulls don't move soon.
https://www.tradingview.com/x/zdXxerMl/
-4HR RSI is showing hidden bullish divergence
https://www.tradingview.com/x/Tf7cSRMk/
-4HR and 1HR CHARTs indicates some more sideways movement into consolidation possibly.
-Daily Pivot has caught any down moves today and yesterday.
-Custom Alligator MA's are moving up slowly with price (1HR)
Target 1 = 10250 (Fib Extension .236)
Target 2 = 10975 (Fib Extension .618)
Stop Loss = Breakdown of Triangle, or a hourly close below 8900.
From an observation perspective, longs/shorts are at 1.1853, which is an area BTC frequently goes through in up and down trends.
Also, that price spike on the 28th had mostly bullish volume although resulting in only a small move up.
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