$BTC "Bullish flag" - such a formation is formed by weekly candles. What will it lead to? 🙃
Now this formation is even on the monthly chart!
#BTC is squeezed in the range of $500 and changes the color of the daily candle every hour. This is a rare slowdown, the last time I noticed such times was last September.
Weekly candles for this September are clearly different from the previous ones - short, dense, without imbalances. Visually - a change in the nature of the movement. Most likely, this will entail a change in the trend.
Important points - when going up from the flag, the volumes should increase sharply, with a false breakout, the price fades out after 2-3% from the previous peak (75-76k).
But an even more important point! - Everyone sees this formation and expects growth. Will the market maker just go up to please the crowd? Will it change to a wedge? It's very hard to believe that this structure was formed to warn about growth 🙃
