Bitcoin approaching long term bull flag resistance
This is the moment where Bitcoin can show that it's going full Chad mode.
A break of this long-term downtrend resistance, arguably bull-flag shows that on the daily chart we are super bullish.
The SRSI is quite oversold, if we can either continue this run and pullback on the breakout (ideal) or a small pullback now, testing 10k for a then break, I am super bullish.
Not shown on graph, TD sequential is over-extended, on 10 consecutive greed TD counts (only 4 if you discount the small pullback midway).
A bounce on the long term resistance could be disastrous.
A break of this long-term downtrend resistance, arguably bull-flag shows that on the daily chart we are super bullish.
The SRSI is quite oversold, if we can either continue this run and pullback on the breakout (ideal) or a small pullback now, testing 10k for a then break, I am super bullish.
Not shown on graph, TD sequential is over-extended, on 10 consecutive greed TD counts (only 4 if you discount the small pullback midway).
A bounce on the long term resistance could be disastrous.
Commentaire:
Red box is the 50-day moving average vicinity.