🔥 (BTC) Bitcoin Price Short-Term Bull-Flag Break Out

Binance Academy: Value Of (BTC) Bitcoin Explained Fiat Money - What Is It?

🔥 Bitcoin Short-Term Bull-Flag Break Out by FieryTrading on TradingView.com

10 hours ago
BTC saw a nice +6% move last night. Since then, BTC has seen some consolidation. During this period of higher lows and lower highs, a bull-flag pattern has appeared on the chart.

Bull-flags are classically bullish continuation patterns, so the expectation is that BTC will break out bullish in the coming hours.

In case BTC will reverse from the top resistance, I'm expecting a minor bearish move towards the support of the chart pattern. Said support would be a great entry for day-traders who are looking for a high probability entry with a high risk-reward ratio.

Happy trading!
 
24 minutes ago
Comment: Support didn't hold. No entry was made.
Binance Academy: Value Of (BTC) Bitcoin Explained Fiat Money - What Is It?

Fierytrading Analysis

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