What I'm doing in this bear market is cycling through the medium time-frames and looking for the price to get stuck under a successful moving average cross like you see here. Price will likely fall sometime around the beginning of the next 45 minute candle. Stop is set just above the cross just incase the cross-over is challenged.
I can see a very bullish setup for BTCUSD. We can see multiple bullish signs - bullish MA crossover, bullish flag and also mildly increasing trendline acting as support. It is a good idea to open long trades in the lower areas of flag.
Again, keeping it simple. The Cross should happen in about 2-4 hours.
Based on the volume profile I expect an impulsive reaction. Probability for upwards movement when looking at the buy volume in the last candles.
- Support lines could be used for Stop-Losses, would exit my position
- Resistance lines could be used to take some profits, would start at 9 k
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