All 4 major cryptocurrencies we started monitoring back in December are now consolidating near their recent highs. Many bullish flag patterns are seen after important trend line breakouts. Usually such patterns break to the upside since their last trend was bullish. The consolidation helps us define some price levels that will define if we have a breakout (continuation of the previous trend) or a break down.
So traders be careful, something big is coming in cryptoland and most probably to the upside. Stay with your trading strategy and exit plan in case things do not go your way. Thank you for taking the time to catch up on my thinking.
Disclosure: None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that June be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions.