Adam_Polinak

BTCUSD Flag on the 4 Hour

COINBASE:BTCUSD   Bitcoin
BTCUSD sets up another flag on the 4 hour, which is a continuation (consolidation) pattern. If you also check the bollinger bands on most time frames BTCUSD is not signaling overbought and actually has room to run up to 9300-9400 starting now although consolidation may last longer. Watch out for an incoming Bearish MACD cross, however, if it happens around the same time as a break to the downside. So if it continues to fall lower out of the bottom of the flag, it may retrace further. I am currently neutral, long in the long term.
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