BITCOIN (BTC) Completing a Bullish Flag...Fibo 1.618 Target of $6,200 by haejin

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bitcoin · @haejin ·
$1.66
BITCOIN (BTC) Completing a Bullish Flag...Fibo 1.618 Target of $6,200
<center>![](https://steemitimages.com/DQmVtgxTjTWKSNenvLeUTfc1NTQrZdYMqDonDeuF2g9yKKg/image.png)</center>
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**SUMMARY**

Bitcoin (BTC) is almost done completing a bullish flag (two white lines). This pattern is a continuation pattern and allows prices/demand to regroup to attempt at rising again. Given the near vertical move last night, these consolidation patterns also show ebing of buying demand and if $6,200 is hit, I'd be curious how much more buying mojo might be left.

![](https://steemitimages.com/DQmTECGVCpLvxxV9qv1xPEQwuVwqRQYtstikfnLcWNFvnNs/image.png)
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https://steemitimages.com/0x0/http://i.imgur.com/40YQWVI.gif

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36</center>

<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
**Legal Mumbo Jumbo**: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.** </center>
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vote details (57)
@minnowpond · 
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@scorer · 
Media did they job well. Money is coming in. 🙌
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@attila73 · 
And after it is going away.
👎  
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@scarlet7 · 
Name of the game.
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@fractalfreedom · 
Liftoff!
👍  
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vote details (1)
@pcourtnier · 
We all knew this may happen.  Time to be on the edge of our seats and collect those profits!
If BAT drops down to $.10 again, that may be a good time to stock up on some cheap coins!!!
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@ignasi · 
Hi @haejin, how do you think is going to affect the bitcoin drop to Dash? Can you have a look? Very much appreciated !
👍  ,
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vote details (2)
@batfinkler ·
$0.02
hey @Haejin wow things change so quickly. I thought I had been wise laddering out between $4800 - $5100. what is primary count now ? if it hits $6200 are you still expecting a drop to bottom of wave IV or is that now invalidated and we are in wave V ? trying to work out when to reenter cheers
👍  ,
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