BITCOIN | Bull Flag and Downtrend Breakout?!
Hello traders!
Now we can see BTC trying to break downtrend resistance for the 3rd time.
For this breakout we have Bull Flag and need to breakout it to reach its target: 16600$.
Target for Bull Flag is measured by height of flag pole.
Also on chart we can see forming Head and Shoulders pattern, which is reversal pattern. It targets also coincides with Bull Flag Target - 16600$.
Is it safe to buy now for short-term? - No, we should see some retracement in next few hours.
Is it safe to hold it? - Yes, in long-term we in bull market.
What about altcoin market? - Some of them will move in downtrend to important support zones. Some of them will follow bull phase.
Now we can see BTC trying to break downtrend resistance for the 3rd time.
For this breakout we have Bull Flag and need to breakout it to reach its target: 16600$.
Target for Bull Flag is measured by height of flag pole.
Also on chart we can see forming Head and Shoulders pattern, which is reversal pattern. It targets also coincides with Bull Flag Target - 16600$.
Is it safe to buy now for short-term? - No, we should see some retracement in next few hours.
Is it safe to hold it? - Yes, in long-term we in bull market.
What about altcoin market? - Some of them will move in downtrend to important support zones. Some of them will follow bull phase.
Operación activa:
Retracing from Flag resistance!
Bullish reversal at 9900-9600 levels, might turn bearish for short-term if break flag down.:
Bullish reversal at 9900-9600 levels, might turn bearish for short-term if break flag down.:
Operación activa:
Price of BTCUSD trying to fix on resistance line, nice
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