Technical analysis by thesharkke about Symbol BTC: Buy recommendation (8/15/2025)

Hello, Mastering chart patterns can make all the difference between trading success and consistent underperformance. Today, let's analyze the Bitcoin chart to highlight how these formations evolve and create opportunities. Just a few days ago, we spotted a bullish flag pattern emerging—a classic continuation signal that often appears as a brief consolidation (the "flag") following a sharp upward move (the "pole"). This setup broke out bullishly, driving Bitcoin to a new all-time high of $124,290.93 on August 13, 2025. Analysis here As of today, August 15, 2025, Bitcoin is trading around $118,992, reflecting a natural pullback after that peak. Now, the pattern is shifting to accommodate a more significant correction, manifesting as a running flat. In Elliott Wave theory, a running flat is a corrective ABC structure where wave B exceeds the origin of wave A, and wave C ends higher than wave A—resulting in a shallower, "running" correction rather than a deep retracement. As shown in the chart This setup could allow late entrants to join the uptrend at discounted levels, while short-term traders might lock in gains near the recent highs and reposition lower during the pullback. We urge all investors to deepen their knowledge of patterns like these—they can transform your trading strategy and boost outcomes dramatically. Looking ahead, we view this as a compelling buying opportunity for Bitcoin, with a short- to medium-term target of $136,000. Broader adoption trends are poised to fuel further gains. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.