BTC - three pattern take Bitcoin down to 5K
This is ONE way this might play out.
First requirement is that BTC is currently forming a bull flag (pink pattern).
If it does, the target of the bull flag would be the same as the target of the previous falling wedge (yellow), around $9800-10.000.
From there, the large bear flag (blue), that by now would have taken shape, would take BTC down to 5K territory.
It looks nice! But a lot of charts here look nice and never play out, so don't take this as financial advice!
First requirement is that BTC is currently forming a bull flag (pink pattern).
If it does, the target of the bull flag would be the same as the target of the previous falling wedge (yellow), around $9800-10.000.
From there, the large bear flag (blue), that by now would have taken shape, would take BTC down to 5K territory.
It looks nice! But a lot of charts here look nice and never play out, so don't take this as financial advice!
Trade attivo
We're on track :) The flag has not been invalidated and indeed is forming right now
Nota
BTC could also drop out of the bull flag and towards 7.7k. That would exactely replicate the entire BTC movement since the 6K low, just a level smaller.Ordine annullato
BTC dropped out of the flag. It may go all the way down to test the uptrend line. I thought it should go up one more time before the big drop, it might still happen on a smaller scale.I am not trading BTC until the next clear signal.
Nota
Update:
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.