Bitcoin's Bear Flag: More Downside Before Chance On Reversal!!
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I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
#BTC LOWER TF UPDATE
BTC is making this falling wedge pattern in a 4hr time frame currently it is looking like it will go restest the lower support.
if it breakout this pattern with confirmation then we can expect a bounce from there or rsi is showing some bullish divergence.
#BTC higher time from update
As we can see in the chat BTC does not look good here It looks like a retest of this bearish flag pattern so here we have to be careful we have 37.8k as important support.
The daily candle needs to get back into the channel for being bullish.
Be alert if it breaks the 37.8k support.
Let's see how the daily closes
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
#BTC LOWER TF UPDATE
BTC is making this falling wedge pattern in a 4hr time frame currently it is looking like it will go restest the lower support.
if it breakout this pattern with confirmation then we can expect a bounce from there or rsi is showing some bullish divergence.
#BTC higher time from update
As we can see in the chat BTC does not look good here It looks like a retest of this bearish flag pattern so here we have to be careful we have 37.8k as important support.
The daily candle needs to get back into the channel for being bullish.
Be alert if it breaks the 37.8k support.
Let's see how the daily closes
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
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