mikeUkTrading

Correction in to bull flag

Long
BITFINEX:BTCUSD   Bitcoin
In the assumption that bull flag uses the same channel edge angle as the last one

The price seems to build bearish butterfly pattern, what would indicate another leg down to complete 3x bottom price point on $45 000.

However if the top edge is broken the uptrend will continue.
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.