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$BTC - Bullish Continuation Pattern (Monthly)
Lots of traders fail to zoom out and look at weekly and monthly charts. We have a triangle and the move into it was up; therefore, the expectation is a continuation in the direction it entered. Pivots and fib extensions provide upside targets.
On lower TF's like the 1 hour, I see a bear flag. The expectation is a continuation, but doesn't have to.
I have no position in BTC nor do I intend to initiate one.
On lower TF's like the 1 hour, I see a bear flag. The expectation is a continuation, but doesn't have to.
I have no position in BTC nor do I intend to initiate one.
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