How to Analyze Bull Flag Bitcoin Chart Pattern

The bull flag cryptocurrency pattern is found within a Bitcoin Trading upwards trend.

The bull flag cryptocurrency pattern occurs at halfway point of a bullish upwards bitcoin trend & after a break-out a similar move equivalent to the height of the flagpole is expected.

In this bull flag cryptocurrency pattern is a continuation cryptocurrency chart pattern where the btcusd market retraces slightly, it is therefore a slight retracement with narrow bitcoin price action which has a slight downwards tilt.

The technical buy point is when bitcoin price penetrates the upper line of the bull flag cryptocurrency pattern. The flag portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.

How to Interpret Bull Flag Crypto Chart Pattern

The bull flag cryptocurrency pattern above was just a resting period as the btcusd trading market gathered strength to break out & move higher. The bull flag cryptocurrency chart pattern bitcoin trading continuation btcusd signal was confirmed when the upper line of this flag pattern was broken to the upward side.