From TradingView · · 40s
Bullish Flag Pattern for Bitcoin
Bitcoin price action may form a bullish flag pattern before breaking out higher.
In brief
Bitcoin price action may form a bullish flag pattern before breaking out higher. Bitcoin could break out of a recent channel pattern after a month-long correction. Originally reported by TradingView.
Bitcoin correction pattern
After a 5 day rally starting September 17, BTCUSD has been correcting for almost a month within a channel.
Bullish flag possibility
The trader questions whether BTCUSD will break out of the channel like it did on September 3 or continue playing within it.
Scalp strategy
The trader suggests watching price action around the channel boundaries for short-term trading opportunities.
The headline
Bitcoin could break out of a recent channel pattern after a month-long correction.
