Bitcoin Momentum is Building

Hello guys,

I bring to you all the bigger picture and what to expect on either side of the market. My talking point for now will be inside the Bearish Flag&Pole which forming in the form of Rising Channel with this formation can take us to our long term target of 5k level then we expect this to follow with huge dump this view is supported with good breakout of RSI indicator and other oscillating indicator signalling bullish momentum.

In the bigger view we see the whole correction to be in flag pattern which favor Bullish outbreak when the bottom level is achieved.

My bottom focus still remain same target level 1300$-1500$

But we if we see surprise breakout from the BEARISH FLAG forming that will signal the end of correction and implies the moon time session.

Go through the chart its self explanatory.

Please do not forget to drop your likes on the post.

Thanks

I attached few of our previous BTC long entry calls to this post all targeting at 5k zone.

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Here is my trading advice, I know many of you guys will be waiting for this. I picked two level to be my buy back level, those level are potential wave 4 ending before we go for the last leg up to complete this cycle.

Apply reasonable stop loss to your trade and be safe.

Bình luận:

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Price remain within the big Bull flag, and we hope for at least a test on the upper trendline of the flag at 38xx$ before possible next decision point. But if all condition remain same we can as well break this flag up at leg 4.

We keep fingers cross to see how this develop.

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