Update from last post:
Trend line fully broken as btc consolidates at 8k. The bull flag I was hoping for is forming just north of the area previously outlined (no adjustments made) Look for breakout before confirmation. Upside target between 9200 & 9400 with downside major support at 6800. We retouched the path to 100k before quickly retracing just as before. I fully expect this path to continue acting as major resistance throughout this cycle.
Disclaimer: I am a BTC Holder and do not actively trade.
**TA is based on limited experience and this account is for learning/practicing***
Trend line fully broken as btc consolidates at 8k. The bull flag I was hoping for is forming just north of the area previously outlined (no adjustments made) Look for breakout before confirmation. Upside target between 9200 & 9400 with downside major support at 6800. We retouched the path to 100k before quickly retracing just as before. I fully expect this path to continue acting as major resistance throughout this cycle.
Disclaimer: I am a BTC Holder and do not actively trade.
**TA is based on limited experience and this account is for learning/practicing***
Trade closed: target reached:
Comment:
Trade is not closed. Long till 14-15k
Comment:
BTC 4.44% pushed it's way to the top of the target zone and kissed the 9400 mark before bouncing back. Major support at 8900. I expect a few retests of 9400 before breaking upwards and meeting resistance between 9750/9900
