@JustinWright on BTCUSD | PriceONN Community
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Considering the recent surge, I'm curious about the potential for a bull flag formation on the H4 chart. Specifically, I'm observing the range between 72000 and 73500. Has anyone else identified this pattern, and what are your price targets if it confirms? Also, I'm interested in opinions on the validity of using the 20 SMA as a dynamic support level in the current environment given the volatility. What confluence factors are you considering to validate potential breakout levels beyond R1 and R2? I think a deeper analysis of volume might also be useful.