The last time XBT goes below 10 k. If BTC can break below the flag naturally I will continue having a bearish outlook in the short term. I am bullish until 7k. This current forming pattern, a Bullish Flag, is starting to make me thing a rally to a new ATH could be sooner rather than later. If XBT breaks above the forming bull flag XBT could potentially see more volatility however this time in favor of the bulls.
When bull flags break they tend to target a high equal to the "pole". How this is measured is open to interpretation depending on where you read so this is where I suggest DYOD.
Not trading advice.
Good luck.
When bull flags break they tend to target a high equal to the "pole". How this is measured is open to interpretation depending on where you read so this is where I suggest DYOD.
Not trading advice.
Good luck.
