BTC 1h bull flag failed!
Today's 1h bull flag failed at the previous daily closing swing highs.
Usually bull flags are very reliable, but this one failed due to low volume.
Not surprising after we managed to pull from the trendline at 53k all the way to 58k, that's a $5000 dollar increase on the previous day.
I'm still overall more Bullish than Bearish on the continuation of an upward trend, but remain Neutral until we break above 58800 to the upside, or break below 53k to the downside.
Usually bull flags are very reliable, but this one failed due to low volume.
Not surprising after we managed to pull from the trendline at 53k all the way to 58k, that's a $5000 dollar increase on the previous day.
I'm still overall more Bullish than Bearish on the continuation of an upward trend, but remain Neutral until we break above 58800 to the upside, or break below 53k to the downside.
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