Bullish flag if it manages to break $39,850.
-NFA
-NFA
Note
Hmm, it can also appear as a rectangle pattern to me too.A rectangle pattern with a potential of 5% price change in either up or down direction.
So, since we have broken from the downside of our imaginary rectangle, the price will fall to $35,800.
Note
I was expecting a downside move to $35,800 before we continue our bullish movement.But anyway, whether we call it a bullish flag with a fake breakout or anything else, looks like BTCUSDT is extremely bullish at the moment.
I'm looking for the reaction to the $42,000 level since it's going to be so important.
We might expect a bullish news around that area. (including stablecoins flow into the exchanges, general news, Elon tweets & ...)
Let's see what happens next!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.