Bitcoin Bullish Flag Detected
Updated
The past week has shown a bullish trend for BTC, with inflation decreasing. This presents an opportunity to go long. In the past hour, there has been a rally with strong price action. A bullish flag pattern has been detected in the 15-minute time frame. If the pattern breaks upward, another rally may occur, but also be prepared for the possibility of a breakdown. Swing traders should exercise caution as CPI news is scheduled for release today.
Note
✅ Price broke down during the news, and then shoots up as expected
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.