Bitcoin / TetherUSUpdated BTC Bull Flag Breakout?
BTC is currently trying to breakout of a bullish flag formation.
The projection of the bullish formation is around $70,000.
Also, the flag lines are converging around 20th September, it should be noted that the
Federal Reserve are going to have their FOMC meeting on 21-22 September.
In case they announce the taper (unlikely), stock markets and BTC are going to nose dive.
Need a breakout with high volumes for a proper bullish confirmation.
The projection of the bullish formation is around $70,000.
Also, the flag lines are converging around 20th September, it should be noted that the
Federal Reserve are going to have their FOMC meeting on 21-22 September.
In case they announce the taper (unlikely), stock markets and BTC are going to nose dive.
Need a breakout with high volumes for a proper bullish confirmation.
Note
Not gonna lie, BTC price action scammed everyone here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.