Setting aside all the indicators, because i felt they were cluttering up my chart, i wanted to do something based purely off of resistance levels and trend lines.
And i know its kind of hard to see but this is the 4hour chart. In the daily you can see a perfect flag pattern forming and thats were i first set my lines and then zoomed in to this and made them a little more accurate. I was hoping for another day of consolidation but it looks like the price for bitcoin is being heavily squeazed in this upper mid 2700 range.
Zoomimg in a bit to the 1 hour time frame you can see just how much squeezing is being done.
Im looking for a break higher to test the highs of the coin thanks to segwit and bip91 lock in.
Based on what you guys see whats your analysis of the charts?
