BTC.D is retesting a large support level. If this proves to be a retest, it is bullish for BTC.D which does not necessarily mean bullish for the market as a whole.
And this isn’t a pattern I would trade on itself, but will share this regardless as a possible bull flag. The upper trendline I agree with, however the lower trendline needs to confirm this low in order for the pattern to be valid.
12hr chart:
BTC.D is retesting a large support level. If this proves to be a retest, it is bullish for BTC.D which does not necessarily mean bullish for the market as a whole.
And this isn’t a pattern I would trade on itself, but will share this regardless as a possible bull flag. The upper trendline I agree with, however the lower trendline needs to confirm this low in order for the pattern to be valid.
12hr chart: