BTC broke up clearly yesterday to the upside from the smaller Flag pattern it was in you can see on my graph from 16/17th Jan 21 to 19th Jan 21, which had an upside profit taking area from it's "flagpole" at ~$45K.
BTC is now in the larger Flag you can see on mt graph from 15th Jan to 20th Jan, and it's just touched the lower border of this at $36K and is bouncing up nicely to$36.35K as I write. I think it's more likely than not with the higher highs and lower lows that have been made for 2 days that BTC will continue it's upward trend and break through the upper border of the bigger flag at ~$38.75K, and then have the momentum and strength to go past its recent ATH of $41K into new price-discovery territory - with a target upside for profits from the longer "flag-pole" of this bigger 5-day flag now being at $49K.
It looks a good time to go LONG on BTC at $36K with some sensible leverage as I've done, with that potential jump in BTC's price soon to $49K if it works out being a 36% rise. Thoughts and other ideas are welcome on my first post here thank you.
BTC is now in the larger Flag you can see on mt graph from 15th Jan to 20th Jan, and it's just touched the lower border of this at $36K and is bouncing up nicely to$36.35K as I write. I think it's more likely than not with the higher highs and lower lows that have been made for 2 days that BTC will continue it's upward trend and break through the upper border of the bigger flag at ~$38.75K, and then have the momentum and strength to go past its recent ATH of $41K into new price-discovery territory - with a target upside for profits from the longer "flag-pole" of this bigger 5-day flag now being at $49K.
It looks a good time to go LONG on BTC at $36K with some sensible leverage as I've done, with that potential jump in BTC's price soon to $49K if it works out being a 36% rise. Thoughts and other ideas are welcome on my first post here thank you.