BTC Held the line! Bullish Flag?
Hello traders,
If you read my previous post, and are one of those that were watching, that was a close call! It was able to pull back up from JUST above the line in the last two minutes, which is a good sign. If we can continue to hold and show strength near current levels this is a bullish look at what may come short term. I see a possible bullish flag formation forming which would indicate a continued bullish trend and a short term push upward. The white trend lines are my personal idea of future movement.
Obviously we are not out of the woods yet, But it is looking more like we may move to a less broad short-mid term consolidation followed by a new push up. I would expect some possible fluctuations between 35k-40k during this time. I wouldn't be truly worried unless BTC looses its long term 30k support area.
As always,
This is not financial advice, do your own DD, invest at your own risk, and I wish you wealth!
If you read my previous post, and are one of those that were watching, that was a close call! It was able to pull back up from JUST above the line in the last two minutes, which is a good sign. If we can continue to hold and show strength near current levels this is a bullish look at what may come short term. I see a possible bullish flag formation forming which would indicate a continued bullish trend and a short term push upward. The white trend lines are my personal idea of future movement.
Obviously we are not out of the woods yet, But it is looking more like we may move to a less broad short-mid term consolidation followed by a new push up. I would expect some possible fluctuations between 35k-40k during this time. I wouldn't be truly worried unless BTC looses its long term 30k support area.
As always,
This is not financial advice, do your own DD, invest at your own risk, and I wish you wealth!
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