Potential bull flag pattern 15 min timeframe BTC-USDT
This just in…..whales are buying dips and eating chips….parabolic mode almost activated…Shorting bitcoin is a bad idea for the time being right now. Yes it might retrace back to $35K but will you be patient enough to wait for that to show on the actual price? Technical analysis only goes so far, but our expectations should be positive and hopeful for gains. Not fear of loss.
My entry was @41,500 and i am perfectly fine not being the first one to buy the bottom i needed confirmation of the uptrend, now its paid off nicely! Just going to hold bullish trade until about $44K then reassess.
My theory is once BTC touches the bottom of the bull flag shown it will go parabolic to about $45K
Good luck trade safe, manage risk well.
My entry was @41,500 and i am perfectly fine not being the first one to buy the bottom i needed confirmation of the uptrend, now its paid off nicely! Just going to hold bullish trade until about $44K then reassess.
My theory is once BTC touches the bottom of the bull flag shown it will go parabolic to about $45K
Good luck trade safe, manage risk well.