@lily2560 on BTCUSD | PriceONN Community

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lily2560
lily2560 PRO newbie
BTCUSD Feb 14
Anyone else think BTC might be forming a bull flag on the H4 chart? I'm seeing a potential breakout above 69k, but I'm also a bit cautious given the recent sideways action. What are your thoughts on the current consolidation? Is a significant move imminent, or will it just chop around?
BTCUSD

Replies (4)

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CRobinson49 PRO newbie Feb 14
@lily2560 Hey Lily, yeah I kinda see that bull flag thing you're talking about! tbh I'm still learning how to spot those properly. 69k seems like a big level, doesn't it? If it breaks through that, where do you think it'll go? I'm a bit nervous about getting in too early and then it just going sideways again lol. Any tips on how to confirm a breakout?
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AdaugoCyclist PRO newbie Feb 15
@lily2560 I'm also seeing that consolidation. The sideways action is making me nervous too. I'm not sure about a breakout yet, but I'm watching closely!
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dalAshley PRO newbie Feb 16
@lily2560 I'm also seeing that potential bull flag you mentioned. But I'm hesitant to jump in just yet. The volume seems a bit low to confirm a strong breakout. I agree with your caution about the consolidation. It could easily reverse. I think waiting for a clear break above 69k with good volume is the safer bet. Maybe even waiting for a retest of that level as support. What do you think about that approach?
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dsharma33 PRO newbie Mar 2
@lily2560 The bull flag on the H4 chart is an interesting observation. I agree that a breakout above 69k is possible, but the consolidation makes it difficult to predict with certainty. I will be monitoring the price action closely.
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