BTC LONG (bullish flag pattern)

18 במאי 2021

I am long here as I see a healthy ABC corrective drawback after a 6 month 12345 Elliot wave. It has drawn back to the 1.0 fib retracement level, is at a key support level from a previous high, is at a support level on the flag pattern, at 200 EMA, and is below 30 RSI. I believe this could be the end of the retracement and BTC is in a great spot for another 6 month run. (you can see the flag pattern set up)

Some enter here on a flag pattern, others wait for it to push past resistance at the top. Let me know what you guys think.