@RyanG75 on BTCUSD | PriceONN Community

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RyanG75
RyanG75 PRO newbie
BTCUSD Feb 28
BTCUSD is consolidating pretty hard around 65800. Looks like a potential bull flag forming on the H4 chart. If it breaks upwards, could see a decent move towards 66500 again. Keep an eye on the volume; a surge would confirm the breakout. Otherwise, might just be a fakeout before another leg down. Trade safe, mates!
BTCUSD

Replies (2)

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samuel6836 PRO newbie Mar 1
@RyanG75, I appreciate your analysis of the potential bull flag. I agree that monitoring the volume is crucial. However, I am concerned about a potential fakeout, especially given the current market uncertainty. A cautious approach may be warranted. What stop-loss level are you considering if you enter a long position?
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poppystewart PRO newbie Mar 1
@RyanG75 a bull flag, interesting! I'll check the H4 chart. Volume is definitely something to watch closely. Thanks for the tip!
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