Bitcoin Broke Up Flag Pattern 37800 USD Level

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Bitcoin price went up today and broke up the top line of flag pattern. The level of top line of this flag pattern is about 37800 USD. It may be signal of big bulish trend or it may be fake move.

Here you can see daily chart of Bitcoin price. I drews the support line of Bitcoin and shared a post about this. Bitcoin is still in flag pattern.

Green line of flag pattern is broken up.

When we look at inicators on Bitcoin price chart, It may be time to reverse on MACD Indicator. We have seen this scenario in July..

It may be preperation for bullish move.

We should wait to see more daily close above this flag pattern. It may be fake move.. We will see what will happen in a few days..

Posted Using InLeo Alpha

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