Interesting setup on BTC with a bull flag setup on the lower time (1hr) within a rising wedge on somewhat longer timeframe (4hr). Also strong horizontal resistance at the 11.2k level as well as fib resistance in that area. Alot has been made of the 11.2k barrier and the possibility of breaking that leading to a run to 11.7k or so. If we do indeed make a move into that 11.2k-11.3k area and dont see alot of volume, I think there is a strong chance we drop through the bottom of the wedge and probably test the 50% fib at around 10.5k. Definitely an interesting spot and one to keep an eye on for those looking for better entry. Let me know what you guys think!
-Joe
-Joe