BTC shows strong FLAG patterns. Short-term Targets 9925-11649

2019年5月20日

(Credits: Inspired by H-Channel's stairs-like channel pattern, I have also drawn similar flag patterns on BTCUSD chart. Thanks to H-Channel for the insights!.)


Hello,

This is WasabiChart.

I'd like to look into BTCUSD showing a series of flag patterns.

As you might know, flag patterns represent continuation patterns.

With flag patterns, the price goes sideways for a while and end up penetrating either the ceiling or the bottom of the flag.

The patterns I added here are based on the Long perspective of BTCUSD.

We are at a critical moment with many opportunities in Long positions, which can benefit from the coming Bakkt, ETF approval, and weakness of Yuan, Korean Won, Brazil Real, Turkish Lira, etc.

It looks to me that the big whales don't have much time and are very eager to shrug off weak hands like you.

The experts may find good opportunities to trade short time.

But, the much bigger gain will likely go to HODLers.

Here are my short term and long term targets.

Short-term targets:
Target Price 1: $9,925
Target Price 2: $11,649

Long-term target:
Target Price: $170,000

Thank you for reading!