If this bullish flag were to break to the upside, we can expect a huge pump in Bitcoin price.
A bullish flag is a continuation pattern that results from a period of consolidation.
The pole is the result of a vertical rise in price.
Entry would be at the close of the 4H breakout candle.
The Stop Loss would be below the flag's resistance.
To find the Take Profit we copy-paste the pole where the breakout took place.
A bullish flag is a continuation pattern that results from a period of consolidation.
The pole is the result of a vertical rise in price.
Entry would be at the close of the 4H breakout candle.
The Stop Loss would be below the flag's resistance.
To find the Take Profit we copy-paste the pole where the breakout took place.
Note
Updated flagIf the breakout is validated on the 12H candle close, target is 25.6k$
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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.