BTCUSDT - Not lookin too hot...
Quick TA on BTCUSDT. Price needs to break above key levels before I'm bullish on it again. Looking at the bigger picture on the weekly chart. This recent run up was just part of the bigger flag formation. If price stays in this pattern, it could be late 2022 before we see the next rip up. If price breaks the pattern sooner....we would want to see it happen VERY soon, otherwise it's staying with this formation.
As always, please let me know if you see something I didn't catch.
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As always, please let me know if you see something I didn't catch.
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.