BTC Bullish / Long (Continued)
Hello guys!
As we have been watching from my previous post I had said that we had probably just seen a fake breakout
and that I wasn't expecting for any big bearish movement, but instead I was expecting a breakout of the new formation
of a Bullish Flag that the market had created. As we saw yesterday BTC price was able to break that Bullish Flag. Usually after
a strong breakout like this, the healthiest thing for BTC to do is a small pullback to the formation that it broke.
In this case we're seeing that exact same thing, as well as a possible inverse Head And Shoulders formation which I would be
waiting for the price to break the neck line (Red Line) of the formation to continue a strong Bullish movement.
Thank you so much guys for the support in my previous post.
I would love to interact with all of you so let me know what you guys
think of this post down below. As well as if you guys have any cryptos
that you would like for me to analyze let me know as well.
Thank you :)
As we have been watching from my previous post I had said that we had probably just seen a fake breakout
and that I wasn't expecting for any big bearish movement, but instead I was expecting a breakout of the new formation
of a Bullish Flag that the market had created. As we saw yesterday BTC price was able to break that Bullish Flag. Usually after
a strong breakout like this, the healthiest thing for BTC to do is a small pullback to the formation that it broke.
In this case we're seeing that exact same thing, as well as a possible inverse Head And Shoulders formation which I would be
waiting for the price to break the neck line (Red Line) of the formation to continue a strong Bullish movement.
Thank you so much guys for the support in my previous post.
I would love to interact with all of you so let me know what you guys
think of this post down below. As well as if you guys have any cryptos
that you would like for me to analyze let me know as well.
Thank you :)
Penafian
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