Flag formation on BTC

30 ביולי 2020

BTC and ETH have had a good run the last few days. Currently consolidating on the daily and 4hourly, BTC appears to be forming a flag, with the past of least resistance to the upside. The measured move off the daily chart projects a possible target of 13-14k. A pullback to gaps on the CME futures at 9600 may also be in order, so ensure you have your stops set if playing this potential move.