BTC-USD Bull flag forming above dynamic demand for Bitcoin?

Context:
A 10% rise from 5800 over the weekend, could be the beginning of the end of low prices for a while.

Current Trend:
Since then a bull flag looks to be forming above dynamic support at around $6180.

Target:
There is possible LONG entry at $6340, as price follows a potential journey across the Ichimoku Cloud, target $6700.

Trade aktif:

Incredible action within 2 hours of posted the original idea, which saw price rise powerfully up towards the target at $6650, before be resisted.

The resistance at $6700 is strong.

Now, we can keep an eye on how the price behaves as it returns for a second knock on the door towards higher prices around $7100.

Komentar:

Reversal of trend is now confirmed.