BTC saw a nice +6% move last night. Since then, BTC has seen some consolidation. During this period of higher lows and lower highs, a bull-flag pattern has appeared on the chart.
Bull-flags are classically bullish continuation patterns, so the expectation is that BTC will break out bullish in the coming hours.
In case BTC will reverse from the top resistance, I'm expecting a minor bearish move towards the support of the chart pattern. Said support would be a great entry for day-traders who are looking for a high probability entry with a high risk-reward ratio.
Happy trading!
Bull-flags are classically bullish continuation patterns, so the expectation is that BTC will break out bullish in the coming hours.
In case BTC will reverse from the top resistance, I'm expecting a minor bearish move towards the support of the chart pattern. Said support would be a great entry for day-traders who are looking for a high probability entry with a high risk-reward ratio.
Happy trading!
Nota
Support didn't hold. No entry was made.
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