From the previous sell off, you can see that the drop was anticipated by the bear flag it was forming from before.
Now, we see a bull flag, where the price has just broke out of the flag. The breakout will be confirmed once the 4h candle closes, which gives us a price target of 36 if pulled from the relative bottom and top of the bull flag. If the price goes back down, expect the price to dip to around 29 dollar level.
To be honest, im not really confident with current market, due to bitcoin struggling to hold the 56k level. I have closed half of my position, with other half holding due to this breakout. Really hope to see new money coming in and push the price back up to previous highs - good luck everyone.
Not a financial advise.
Now, we see a bull flag, where the price has just broke out of the flag. The breakout will be confirmed once the 4h candle closes, which gives us a price target of 36 if pulled from the relative bottom and top of the bull flag. If the price goes back down, expect the price to dip to around 29 dollar level.
To be honest, im not really confident with current market, due to bitcoin struggling to hold the 56k level. I have closed half of my position, with other half holding due to this breakout. Really hope to see new money coming in and push the price back up to previous highs - good luck everyone.
Not a financial advise.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。