Sometimes I like to look at the charts in a different perspective to remove potential biases. When we invert the daily Bitcoin chart, we get a new chart that we can work with.
As seen on the chart, it seems that BTC is currently trading in a bear-flag pattern (which becomes a bull-flag when you make the chart normal again). This means that the most likely outcome is that the price will continue the current longer-term trend.
Furthermore, the blue diagonal resistance line seems like a very logical area to retest at some point in the future.
Seeing that we're currently still in the bear-flag, I'm quite certain that the trend will continue. As long as we're below the blue line, the bulls are fine.
As seen on the chart, it seems that BTC is currently trading in a bear-flag pattern (which becomes a bull-flag when you make the chart normal again). This means that the most likely outcome is that the price will continue the current longer-term trend.
Furthermore, the blue diagonal resistance line seems like a very logical area to retest at some point in the future.
Seeing that we're currently still in the bear-flag, I'm quite certain that the trend will continue. As long as we're below the blue line, the bulls are fine.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
