SUH
Again we have seen #BTC test the bottom support line of our noted BULLFLAG.
IF, we are to break below this line the flag will be invalidated and a free fall may occur, invalidating the flag means this was simply another ABC correction down. If, this BEAR scenario is to unfold support zones are at
- $6,000 - $5,948 - Recent Low.
- $4,800 - Next in line
- $3,000 - Next in line
Although, currently it does not look like it will occur, in order for the bull flag to stay strong we should see at least a semi kinda push to the top support line. Even if a rejection occurs at least we know we still have some BULL power lying around. There is also the chance we could follow the flag down into our 6 k regions. But lets see how price action continues to moveeeee!
Mah Juicy Chart:
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!