5 point flag - touch and go?

1 thg 8

Bitcoin is in the typical 5 point touch points of a channel. typically the way this plays out is for a retracement to the mean of that channel , the dotted purple line. then creates a level to the top end of the channel as a 6th touch point and goes for a moon shot. I have price here at a support line , yellow dotted line. but also have a Entry if price breaks lower into the zone White zone with Stop at red dotted line. however i am not expecting price to reach that level. so waiting for entry higher on a confirmation of the big break out. LFG!