Heads up on Bitcoin:
BTC is currently forming a decent sized flag on the 1day chart and may complete within the next 1-4 days… Yes, really…. Anytime, from moments from now until late night Sunday (early Monday in some parts of the world).
Also worth noting are that the MACD & RSI indicators look good as well. According to the RSI, BTC is only slightly overbought…. But that’s likely due to the size of the pattern it’s trying to complete…. And historically, an RSI of 73 isn’t all that high for BTC.
If you look at the chart, you’ll notice 3 purple horizontal lines above the yellow flag and 4 pink horizontal lines above that. The purple lines are more conservative targets and the pink targets are riskier.
If all of the pink targets hit, this could be undoubtable evidence as to Bitcoin being on the verge of (or in) an S-curve….. If all pink targets are hit, it might also trigger a blood bath everywhere else as people FOMO over Bitcoin, rendering alt-coin TA next to useless until supports are reestablished. Anything could happen, especially if all pink targets are hit.
At most, I’m expecting the purple targets to hit…. Either way, l👀k out and be aware of what’s possible. Be prepared for pumps and dumps.
The scenarios mentioned are just saying ‘IF’ targets are hit.
As usual, I will be spreading out my sell orders accordingly.
Please review this chart & your own carefully, DYOR, and trade at your own risk
