BTCUSDT BULLSIH FLAG PATTERN 
2024-08-25

BTCUSD  weekly chart shows a bullish flag was formed and the price did not close below the 50 EMA .price formed a weekly candle with long wick and managed to close inside the channel and above 50 EMA which indicate that a strong bullish momentum was started followed by the bearish indecision candle due to market fear and greed's and uncertainty but its low was not below the 50% of the previous week. The the next weekly candle was showing strong bullish momentum again but the price is still below the POC and upper channel trend line and MFI is below the 50 level.

If the price closes above 64628 and able to continue that for next seven days and as long as monthly MFI is above 50 level we will have a monthly bullish candle as a confluence.

On a weekly chart , if the  price manages to break up above the POC and the channel while MFI  is above the 50 level then the uptrend will continues strongly . 21/50/100/200 EMA's shows that the bullish momentum is increasing .

Upper Fib extension levels can be used as price target after breakout .

Invalid On Chart

Good LUck 