BTC trying for Bull Flag on the Hourly
Hey guys, grandpa Bitcoin is right now trying for a Bull Flag on the Hourly & 4H, after we saw some solid bounce yesterday from the lows at 6100.
Resistance of the bull flag is at 6280 (6300 conservatively), which was exactly the support in the previous bear break, + with the 4H 12 EMA coming in here. A break here could shift the odds in the bulls favor, of building a Daily higher low, and still even the potential for follow-through of an Inverted Head & Shoulders.
Bulls can use tight stops at 6220 if they wanna try their chance. If we cannot break the bull flag to the upside, of course we're looking down again, as the RSI levels have cooled down enough.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! I wish you a wonderful weekend! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Resistance of the bull flag is at 6280 (6300 conservatively), which was exactly the support in the previous bear break, + with the 4H 12 EMA coming in here. A break here could shift the odds in the bulls favor, of building a Daily higher low, and still even the potential for follow-through of an Inverted Head & Shoulders.
Bulls can use tight stops at 6220 if they wanna try their chance. If we cannot break the bull flag to the upside, of course we're looking down again, as the RSI levels have cooled down enough.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! I wish you a wonderful weekend! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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