Bitcoin Pattern Formation
Updated
This crypto coin has been forming a very interesting pattern - a falling flag, which IMO is a strong indicator for a bullish momentum.
As for now, there is no clarity if the price will test the lower trendline again or reverse to break out of the upper trendline. A follow up analysis using the shorter time will give clarity on our entry.
As for now, there is no clarity if the price will test the lower trendline again or reverse to break out of the upper trendline. A follow up analysis using the shorter time will give clarity on our entry.
Comment
The lower trendline has been touched. Let us wait for a retest so that we can have an entry position. A follow up analysis with a shorter time next. Stay tuned.Comment
Time for an entry!
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.