BTC, Bull Flag formation after break of Symmetrical
As we can see in the btc chart, the symmetrical triangle has broken, the demand is still in place, the lows of 28k is still intact hence i still remain bullish on BTC.
What we have on a smaller time is an ascending triangle which has broken to the upside now but yet to confirm close, but overall, we are now seeing a bull flag or a descending channel which is the overall bullish pattern that is forming.
Probably my expectation of a range remains one more leg down into demand before we get to see the break out of the bull flag.
What we have on a smaller time is an ascending triangle which has broken to the upside now but yet to confirm close, but overall, we are now seeing a bull flag or a descending channel which is the overall bullish pattern that is forming.
Probably my expectation of a range remains one more leg down into demand before we get to see the break out of the bull flag.
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