Bitcoin looks like it isn't done going up yet

When looking at the hourly chart, it looks like bitcoin is probably not yet done going up.

It got close to $16k last night and hasn't fallen apart yet.

Nope, instead it's trading pretty orderly.

The 1 hr chart looks like bitcoin is puting in a very nice high and tight flag pattern.

Sees:

(source:

https://twitter.com/TheMoonCarl/status/1324742521898061827/photo/1

- TheMoonCarl

We had the big run up creating the flag pole and now we have a slight pullback within a well defined range where the price is making lower highs and lower lows.

Looks like a textbook flag pattern to me.

With a pattern like this one, the measured move would take it up the length of the flag pole, which is more or less about $2k.

Adding that to the $15.5k number and we are looking at a target price of $17.5k in the coming days.

Buckle up!