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BTCUSD... I wonder what happens after bull flag breaks upward.
We have seen a consistent rally to the upside during the past few months. Many Bitcoin-wallets have changed numbers, many have their lives changed.
Now, a bull flag is forming on the H1 time frame. If we see bullish sentiments kick in to break outside the bull flag, $50,000 is imminent.
But looking at the last 3 daily candles, momentum looks momentarily lost and we might also see a healthy pull back to $30,000.
Although I'm net long, i won't rule out the possibilities of a pull back so as not to buy in a push phase.
Now, a bull flag is forming on the H1 time frame. If we see bullish sentiments kick in to break outside the bull flag, $50,000 is imminent.
But looking at the last 3 daily candles, momentum looks momentarily lost and we might also see a healthy pull back to $30,000.
Although I'm net long, i won't rule out the possibilities of a pull back so as not to buy in a push phase.
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