Bitcoin Bull Flag

Hi Shoppers,

Bitcoin (Ticker: BTCUSD) had a wild ride on Friday but I think the bullish looking chart is still intact.

I am seeing a bull flag, check it out:

A bull flag happens within a rally and is a pause or breather within the rally.

Generally, the underlying will break out of the trading range and continue in the same direction.

According to my pitchfork, BTCUSD is heading to $34,500.

If you see it close below $29,500, this negates my theory.

Have a very happy July 4th!

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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