Possible bottom of bullflag established on the 31st may, the same time price broke through the bleed line. After the next move up to find the top of the flag, price moves down again towards the support @ 1537 sats but does not touch it. Is accumilation coming to an end, ready for the move up?
Accumilate between 1537 and 1600 sats.
I bought in @ at 1573 as i zoomed into the 15 minute chart the bleedline had been broken and price had found support around 1570 sats, RSI also showing higher lows on this timeframe. Support flip also confirmed on 1h and 4h charts.
stoploss @ 1518 sats.
Risk/Reward - 13.04 for final target
Take profit 1 - 1714
Take profit 2 - 1868
Take profit 3 - 2102
Take profit 4 - 2290
Let me know what you think.
Enjoy the weekend!
Like, share or subscribe if you like it :)
Accumilate between 1537 and 1600 sats.
I bought in @ at 1573 as i zoomed into the 15 minute chart the bleedline had been broken and price had found support around 1570 sats, RSI also showing higher lows on this timeframe. Support flip also confirmed on 1h and 4h charts.
stoploss @ 1518 sats.
Risk/Reward - 13.04 for final target
Take profit 1 - 1714
Take profit 2 - 1868
Take profit 3 - 2102
Take profit 4 - 2290
Let me know what you think.
Enjoy the weekend!
Like, share or subscribe if you like it :)