Bitcoin has formed a bullflag here. I did also put a measured move that could happen if this plays out.
Volume needs to confirm.
Volume needs to confirm.
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More conservative traders can wait until a close above 9200 at least :)
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!! Not financial advice !!
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Another possible scenario
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I realize that almost everyone was looking at this or some variation of this pattern, so that is probably why it didn't play out.
If too many people are looking at the same thing then the opposite happens most of times.
The pattern was too obvious.
If too many people are looking at the same thing then the opposite happens most of times.
The pattern was too obvious.