Bitcoin bull flag

If there is no follow through with the head and shoulders pattern, keep an eye out for this bull flag.

The snap back in recent price action displays strength and a seek for liquidity.

The 2 green boxes are previous bearish fair value gaps. The consequent encroachment for both gaps are marked (green line through center).

Watch for the bearish FVGs to get flipped as support (inversion).

Watch the 0.5 (red line, consequent encroachment of the consolidation range) to get flipped as support.

The final sign that BTC is potentially ready for a markup phase is for the top bearish FVG to get displaced through and flipped as support (inversion).

I have projected a bars pattern of the previous run (bull pole starting in Sept. 2024) to help visualize volatility and a realistic timeframe if it were to play out similarly.

"History Doesn't Repeat Itself, but It Often Rhymes" - Mark Twain

2025 Q1-Q2 Top (projection lined up with April)

Sell in May and go away...