BTC Bull Flag Forming
BTC is seeing a nice bear flag form on the four hour time frame. Other assets have rebounded from yesterdays lows.
Although it’s tempting to swing trade within this flag we advise against it as it is difficult to time when BTC will break this formation and reach out for the next resistance zone. Be patient with this trade and don’t profit take too early.
Anyone completely out of the market can buy in around $4850. \u2028\u2028We will likely see alts rally while BTC trades within this range - keep in mind these are all high risk trades as an upward move by BTC will send these assets downwards.
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Signal Tool: signalgroups.com
Telegram: t.me/coinandcrypto
If this idea was helpful to you please like it or comment below! Your feedback is what keeps us sharing!
Although it’s tempting to swing trade within this flag we advise against it as it is difficult to time when BTC will break this formation and reach out for the next resistance zone. Be patient with this trade and don’t profit take too early.
Anyone completely out of the market can buy in around $4850. \u2028\u2028We will likely see alts rally while BTC trades within this range - keep in mind these are all high risk trades as an upward move by BTC will send these assets downwards.
----
Signal Tool: signalgroups.com
Telegram: t.me/coinandcrypto
If this idea was helpful to you please like it or comment below! Your feedback is what keeps us sharing!
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