5 point flag - touch and go?
Bitcoin is in the typical 5 point touch points of a channel. typically the way this plays out is for a retracement to the mean of that channel , the dotted purple line. then creates a level to the top end of the channel as a 6th touch point and goes for a moon shot. I have price here at a support line , yellow dotted line. but also have a Entry if price breaks lower into the zone White zone with Stop at red dotted line. however i am not expecting price to reach that level. so waiting for entry higher on a confirmation of the big break out. LFG!
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.