Bitcoin bull flag
Aggiornato
Bitcoin bull flag on the 3 day chart is a possibility?
A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag. This pattern is reliable, consistent, and common. A bull flag fails or is invalidated once it breaks the low of the breakout candle. That would be 55k in this BTC 3 day chart.
long = 61k
stop = 55k
profit = 75k
A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag. This pattern is reliable, consistent, and common. A bull flag fails or is invalidated once it breaks the low of the breakout candle. That would be 55k in this BTC 3 day chart.
long = 61k
stop = 55k
profit = 75k
Commento
TTCATR indicator overlay:Commento
afternoon update:Commento
Bitcoin 3-day chart ATR levels:R3 = 75,498
R2 = 72,072
R1 = 68,645
SMA = 65,219
S1 = 61,792
S2 = 58,365
S3 = 54,939
Commento
Bitcoin 3-day candlestick printed 67,046Commento
Commento
Bitcoin 3-day candlestick printed 71,432Commento
fyi, for whatever reason, Bitcoin has a high probability to go down on Tuesdays. So it would be prudent to take partial profit now.Commento
Now it's good to get back long 67k for the 3 day weekend
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.