BTC ascending channel beginning to look like a bullish flag
New scenario if this flag is a bull flag using measured move, brings a new target around 50k. Lots of resistance around 39k, but if BTC gets above this, I think price will eventually push up to get liquidity around 50k.
New scenario if this flag is a bull flag using measured move, brings a new target around 50k. Lots of resistance around 39k, but if BTC gets above this, I think price will eventually push up to get liquidity around 50k.
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See volume profile to the left.
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Bearish scenario which I think has a lower probability of happening unless we get some major event/catastrophe.