BTC-USD Bull flag forming above dynamic demand for Bitcoin?
Context:
A 10% rise from 5800 over the weekend, could be the beginning of the end of low prices for a while.
Current Trend:
Since then a bull flag looks to be forming above dynamic support at around $6180.
Target:
There is possible LONG entry at $6340, as price follows a potential journey across the Ichimoku Cloud, target $6700.
A 10% rise from 5800 over the weekend, could be the beginning of the end of low prices for a while.
Current Trend:
Since then a bull flag looks to be forming above dynamic support at around $6180.
Target:
There is possible LONG entry at $6340, as price follows a potential journey across the Ichimoku Cloud, target $6700.
Trade active:
Incredible action within 2 hours of posted the original idea, which saw price rise powerfully up towards the target at $6650, before be resisted.
The resistance at $6700 is strong.
Now, we can keep an eye on how the price behaves as it returns for a second knock on the door towards higher prices around $7100.
The resistance at $6700 is strong.
Now, we can keep an eye on how the price behaves as it returns for a second knock on the door towards higher prices around $7100.
Comment:
Reversal of trend is now confirmed.
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