Everyone Zoom Out! BTC is in an active bull flag

2022年6月8日

I zoomed out 6 months and I've been noticing these two large bull flags that have been forming since as far back as the chart goes back (2014/2015).

If the pattern plays out, then bull flag 1 is currently active and bull flag 2 is waiting to breakout. The two bull flags create a very high target zone (200K +).

If bull flag 2 breaks down, then we have the top of bull flag 1 to be support. We could also just wick down (scare the crap out of everyone) and then close above the bottom of bull flag 2.

I have no idea how this is going to play out. However...

1 We are in an uptrend. The trend is your friend until the end
2 There are two large bull flag patterns (one is active)
3 We are at the support of bull flag 2
4 A retrace to the top of bull flag 1 would be normal market behavior and would be going to test the breakout of a former resistance area (even though it will scare the crap out of everyone and people will say BTC is going to zero).

What do you think?