XBTUSD (D1)
Looks to be building out an huge Bull Flag — There are two possible scenarios
1. Heading upwards now to hit (1) (where we need to break a lot of resistances as entire of SMA/EMA and includes Ichi Cloud which is really strong resistance since August)
2. Will come down (2) and breakout the bull flag afterwards (If 6,000 level support holds we could be looking at 12,000 by March or earlier) (3)
Keep that in mind if it goes downwards and breakdown the flag then the trend has broken and we more likely bearish before things look better
Twitter: twitter.com/thebullcrypto
Telegram: t.me/thebullcrypto
Website: www.thebullcrypto.com/
Thank you for the views.
Looks to be building out an huge Bull Flag — There are two possible scenarios
1. Heading upwards now to hit (1) (where we need to break a lot of resistances as entire of SMA/EMA and includes Ichi Cloud which is really strong resistance since August)
2. Will come down (2) and breakout the bull flag afterwards (If 6,000 level support holds we could be looking at 12,000 by March or earlier) (3)
Keep that in mind if it goes downwards and breakdown the flag then the trend has broken and we more likely bearish before things look better
Twitter: twitter.com/thebullcrypto
Telegram: t.me/thebullcrypto
Website: www.thebullcrypto.com/
Thank you for the views.