Bitcoin to $46k - Bear flag

1 set

** Short term analysis **

A bear flag print will confirm by Thursday 5th of September should price action fail to regain market structure support.

The target is 46k..

Remind me in the comments below by Thursday close to check structure!

Is it possible price action recovers structure? Sure.
Is it probable? Not on this time frame.

Ww

6 set

Trade attivo

Sell today..
Or become a bag holder tomorrow..

23 set

Trade chiuso: stop raggiunto

Price action needed to close above 59.5k for 4 days on this time frame of the original chart to void the idea.This is now confirmed, the 2 day bear flag is now void.

Sorry bears. Better luck next time.

23 set

Nota

PS: 68.5k is the next resistance.

1 ott

Nota

Maybe the resistance level was 66.6k !!

Selling it all before it goes to 0 seems to be the modus operandi.

For those of you who don't know, this is a capitulation and a buying opportunity.

3 ott

Nota

Looks like a visit to 57-58k is next up on the sellers menu:

11 ott

Nota

A visit to 58k occurred if not briefly, what next?

I know what I see, a rising wedge with breakdown confirmation. A forecast to 52K is indicated.