Quick update: Get ready to buy Bitcoin

Bitcoin's price action is playing out exactly as we had drawn up for it. Price rejected at the horizontal resistance of $63,400 and has now pulled back to retest the bottom of the bear flag.

A breakdown of the bear flag would see $58,000 to $59,400 be touched, but that would create a bullish divergence, just above oversold territory.

Which would open the door for a new Long trade.

So far, we have called this price action exactly. Stick to a plan, and let the trades come to you.

Getting $58k - $59k may be a good opportunity for a new Long of BTC.