After breaking our series of lower highs we've pumped and are beginning to form a Bullflag @ the $BTC:65K level. This gave us a clear technical entry and a nice RR, price target.
Medium Bullish take: We trade in this pattern through the week, let the momentum indicators rest and then retest the $70k price level by the end of the month.
To flip Bearish we would need to completely fade this pump and hold below the $60,000 neckline for 3-5days. I would be careful shorting any retracements, we look upwardly volatile.
PS. If you haven't already, check out my thesis on ANTI-FIATs....
https://www.tradingview.com/chart/GOLD/JcakqLxO-ANTI-FIATS-Bitcoin-GOLD-on-Track-for-Repeat-300-400/
Medium Bullish take: We trade in this pattern through the week, let the momentum indicators rest and then retest the $70k price level by the end of the month.
To flip Bearish we would need to completely fade this pump and hold below the $60,000 neckline for 3-5days. I would be careful shorting any retracements, we look upwardly volatile.
PS. If you haven't already, check out my thesis on ANTI-FIATs....
https://www.tradingview.com/chart/GOLD/JcakqLxO-ANTI-FIATS-Bitcoin-GOLD-on-Track-for-Repeat-300-400/
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