On today's edition of "Drawing Lines on a Chart", let's look at Bitcoin's narrowing range and the key support and resistance areas.
Bitcoin is currently forming a flag pattern as recent ranges begin to narrow. This pattern is typically broken decisively in one direction or the other. A move higher would require three 4 hour candles above 13,000 while a move lower would be confirmed with three 4 hour candles below 9,300.
Bitcoin is currently forming a flag pattern as recent ranges begin to narrow. This pattern is typically broken decisively in one direction or the other. A move higher would require three 4 hour candles above 13,000 while a move lower would be confirmed with three 4 hour candles below 9,300.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.