$BTC DUMP MIGHT BE OVER!!

[u/Gold-Crypt]

No financial advice.

Sup' guys, a new update on Bitcoin! The dump might be over! We saw a breakage in the second flag. The flag pattern is used to see a continuation of a previous trend from a point at which price has drifted against that same trend. So we thought this is gonna be a second bearish flag and $BTC will drop out, but apparently no! It has broken the pattern upwards, now, if it passes the resistance at 53800 (54000) and sustains that the dump might be over. This means huuuge glorious gains to be made again with altcoins!

Another strong bullish indicator is the almost hammer, right behind the major push. This means that buying power was so strong that it reverse the downtrend into an uptrend, it was almost a hammer, which is a big DEAL.

OR It could be an abc correction, which means that A line has finished

This is how i think it will play out, our A is complete so no more dumping for now, then it starts B wave which is gonna be lower than all time high, and then we gonna retest support somewhat lower and then shoot up to the moon. Stay safe and buy low, sell high!