BTC short - bear flag and low vol
Updated
BTC on 2hr timeframe shows that we are on support, forming a bear flag and expect to go lower
BTC on 30 min timeframe shows a rising wedge right now
Low volume in this bear flag hints that when volume increases, we are going down hard
Bottom will be 8k, with wicks to 7.6k
BTC on 30 min timeframe shows a rising wedge right now
Low volume in this bear flag hints that when volume increases, we are going down hard
Bottom will be 8k, with wicks to 7.6k
Trade active
The wedge has been brokenTrade closed: target reached
Absolutely perfect. closed at 8k. wicks to 7.6k on bitstamp and coinbase
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