There is strong support at $9037.37 for Bitcoin Trading at the moment. Although it appears to be overall bearish over the last few weeks, it would appear there are multiple patterns forming inside the flag.
If we break the $9037 area we are looking at trading lower. But this could be one huge bull flag and break out of the flag would result in further up moves.
Possible Bitcoin Trading
I would look to be short underneath the support but long from the support although it might not be a large trade as we need to see if the pair breaks out of the flag bullish. A bullish break would target much higher areas whereas a bearish break could go back half again.
Charts courtesy of StrobotUltimate.
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