Bitcoin has been trading inside this flag like structure since 19th December, 2018 till date and we are expecting to see breakout from this structure any time soon.
Looking more deep inside this Flag structures we can see lot of bear flag forming after one another.
From my chart i show Bear flag with Red Flag and Bull Flag with Blue flag icon.
We have been having same pattern with the bear flag breaking down but this time we may have it breakup but we should keep all our eyes on both sides. But We may have surprise breakup to change the whole pattern.
Presently we has tripple bottom which confirm the strength in the recent support level we have and if we break down from the present forming bear flag we should find support at the trendline joining all the tripple bottom together which is around our POTENTIAL REVERSAL Zone level 3245$-3330$.
But if we breakup our immediate target will be the top level of the bull flag at 3725$-3855$.
Quick flash back on some of our previous BTC view, I talk about possible history repeating itself here, do check it out and if we are to go with this post our target will be 5200usd-5600usd
Looking more deep inside this Flag structures we can see lot of bear flag forming after one another.
From my chart i show Bear flag with Red Flag and Bull Flag with Blue flag icon.
We have been having same pattern with the bear flag breaking down but this time we may have it breakup but we should keep all our eyes on both sides. But We may have surprise breakup to change the whole pattern.
Presently we has tripple bottom which confirm the strength in the recent support level we have and if we break down from the present forming bear flag we should find support at the trendline joining all the tripple bottom together which is around our POTENTIAL REVERSAL Zone level 3245$-3330$.
But if we breakup our immediate target will be the top level of the bull flag at 3725$-3855$.
Quick flash back on some of our previous BTC view, I talk about possible history repeating itself here, do check it out and if we are to go with this post our target will be 5200usd-5600usd
Trade active
I saw a setup on 2hours timeframe that resemble rising channel formation. Do take a look guysTrade active
Trade active
Trade active
Presnt view of the last bear flag on 4hrs timeframe, look like we have some room upside before it drop or breakup.Note
Looking through the bear flag formation on 1hr timeframe show us some opportunity with inbuild Bull flags forming to reach the last bear target before potential breakdown or breakup.Trade active
possible Inverse HSTrade active
Price still holding the flag patternTrade active
Price keep ranging within the bear flag with rising channel outlook. This is interesting we should expect huge move soon.Trade active
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Related publications
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.