$BTCUSD - Bullish flag and Fibo levels

Hi guys! 👋🏻

🔔 Bullish flag is being formed on BTC/USD

🔔 The Fibonacci divergence of the latest impulse replicates a support at 0.5 Fibo, however Bitcoin might as well drop to 0.618 Fibo to a massive support around $59K.

🔔 The retest of $59K would be a drastic uptrend signal as it not only holds the dynamic support of the bullish flag but a dyanic support of February 28.

🔔 Also there is a stable static support at 59K, hence sooner or later BTC will jump towards $68K and as the volumes increase, Bitcoin will proceed towards $70K and $78K. This ending diagonal formation might suggest a bearish reversal, a strong reversal but since March 2020 we have seen many times that BTC simply ignored the pattern and was rather bullish on the completion of this pattern than bearish.


✊🏻 Good luck with your trades! ✊🏻
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