[ Bitcoin ] Bull Flag rising?

in #bitcoin6 years ago

We have been moving sideways for almost a week now and you get the feeling something is brewing. Is bitcoin getting ready for a huge move?

Today I found Dan and Tone noting the Bull Flag forming. And if they say it, many other traders will too. Is everyone sitting and waiting to buy big?

Here is Investopedia’s definition of a Bull Flag:

https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx

Here is Dan from the Chart Guys talking about the Bull Flag in the Bitcoin price:

Tone Vay’s is also seeing a Bull Flag forming. So it looks like Tone is turning positive on Bitcoin:

Do you see the Bull Flag too? Do you think we are in for a big up move?

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Nobody knows what the future holds, especially in crypto, but it does look like a bull flag to me! And you know what that means...

Awesome timely update mate. Much appreciated as always!

You never know with crypto. But don't short. :)

Thank you for your support @chunger

Trading volume is very low according to Dan. This could be people waiting for the next big move up!

Could be. Let get ready for the big move up. Hopefully soon.

I'm really hoping its a bull flag. Many have been hodling for too long and I think its time for bitcoin and steem to breakthrough the bears.

Looks like it was because we have seen great increasing in the price in lat 5 days.

I agree, the tension is building and we need a pop up to break this bear market

Thank you for your support @oetek10

Price pulled back as I expected and is about the breach the $8500 level. I agree with Tone Vay, price is going to move higher. My 1st target remains $12k.

Closer view.

Great charts and looking very good for Bitcoin.

This post has received a 9.80% upvote from @aksdwi thanks to: @colinbrazendale.

This post has received a 6.95 % upvote from @boomerang.

Top bot voting here. :)

With Consensus 2018 coming up it sure looks right

I did not know that. Thanks

Yeh Consensus normally moves the price lekker nicely, then there is a drop like the Kimberly Hole after
Hopefully we will have enough momentum to see little downside end of May.

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