MattMcilwham

Bitcoin approaching long term bull flag resistance

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This is the moment where Bitcoin can show that it's going full Chad mode.

A break of this long-term downtrend resistance, arguably bull-flag shows that on the daily chart we are super bullish .

The SRSI is quite oversold, if we can either continue this run and pullback on the breakout (ideal) or a small pullback now, testing 10k for a then break, I am super bullish .

Not shown on graph, TD sequential is over-extended, on 10 consecutive greed TD counts (only 4 if you discount the small pullback midway).

A bounce on the long term resistance could be disastrous.
Comment: Red box is the 50-day moving average vicinity.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out