BTC forming a new bull flag or was it a dead cats bounce?
Wait for confirmation to trade.
Confirmation to the upside is a clear break of the trend line and the 61.8% Fibs.
A break down from flag trendline would indicate this last rally was a dead cats bounce and we will move lower. Only time will tell now where we will be headed.
Based off of the indicators BTC is actually recovering and this is a bull flag. It wont be long from now that BTC will break out fo the flag, but we must be very careful, its a risky trade.
Confirmation to the upside is a clear break of the trend line and the 61.8% Fibs.
A break down from flag trendline would indicate this last rally was a dead cats bounce and we will move lower. Only time will tell now where we will be headed.
Based off of the indicators BTC is actually recovering and this is a bull flag. It wont be long from now that BTC will break out fo the flag, but we must be very careful, its a risky trade.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.