If we look at the 1H chart of Bitcoin, we can see a flag pattern. It a short term continuation pattern that shows a small consolidation before the further price movement. We should expect the price breakout through the signal line of the flag pattern and upward movement.
Level for placing pending orders for buy must be above the signal line. Stop orders should be placed below 3140.00 level. Profit target is near the possible reversal zone formed by the up border of the ascending channel from the daily chart and 3500.00 resistance level. If the market drops below the flag, we'll see downward movement to the support zone.
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Thank you for your analysis.
We think alike! Upvoted!
My analysis nailed the recent Bitcoin bottom and start of current rally. Check it out: https://steemit.com/@haejin
nice post sir ... i can see you get on it now ... perfect :)
my support for you