BTC/USDT Decisive days for Bitcoin flag ahead

5 มิ.ย. 2021

Bitcoin consolidates above the 30k line into a flag pattern.
Most of the time the true breakout occurs within the apex of the flag pattern.
We expect Bitcoin to break to the upside and continue its bullrun.
The 0.5 Fib did hold strongly during this crash and consolidation phase.



Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers

ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.