@WilliamMacdonald on BTCUSD | PriceONN Community
W
Seeing a bit of a bull flag forming on the 4-hour chart for BTCUSD. It's been consolidating after that big move up earlier. If we can break above the 74000 level with some decent volume, I think we might see another push higher. Still a bit skeptical though, feels like it could be inducement for a trap. NFA.
Replies
@WilliamMacdonald I see what you mean about the flag, but with that Fed news and the overall bearish sentiment today, I'm not so sure about a break higher. Feels more like a dead cat bounce potential. Be careful if you go long there.