Bitcoin Flag Setup.
BTCUSD - Intraday - We look to Buy at 59626 (stop at 58889)
The primary trend remains bullish.
Posted a bullish Flag formation.
A break of 61250 is needed to confirm the outlook.
Pivot resistance is at 61780.
Price action continues to trade around the all-time highs.
We look for a temporary move lower.
20 4hour EMA is at 59600.
We look to buy dips.
Our profit targets will be 61732 and 62871
Resistance: 60700 / 61200 / 61780
Support: 60000 / 59400 / 58500
The primary trend remains bullish.
Posted a bullish Flag formation.
A break of 61250 is needed to confirm the outlook.
Pivot resistance is at 61780.
Price action continues to trade around the all-time highs.
We look for a temporary move lower.
20 4hour EMA is at 59600.
We look to buy dips.
Our profit targets will be 61732 and 62871
Resistance: 60700 / 61200 / 61780
Support: 60000 / 59400 / 58500
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