BitcoinShort
BITCOIN IMPORTANT UPDATE! $28K INCOMING OR NOT?
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Welcome to this BTC/USD update. BTC is still not looking too good and every bounce is looking like an opportunity to sell.
As you see in the chart, BTC is forming a bearish flag-like structure and currently trading inside the flag. If BTC breaks down from this bear flag then ready for 28k
As you saw in the chart, in previous we have also seen this bear flag-like structure two times and after the breakdown, both the time BTC drops almost 21% so if BTC breaks down this time then the same scenario repeats and BTC hits 28k level.
I know some of you don't like this scenario and personally, I also don't want that it becomes true. I'm happy to be wrong but we can't ignore the facts. We have to be ready for every possible scenario. Trading is not about emotions. You have to keep your emotions aside and take action accordingly to what you see in the charts.
Invalidation Level:- If BTC daily candle breaks and close above 40.5k then this chart becomes invalid.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Welcome to this BTC/USD update. BTC is still not looking too good and every bounce is looking like an opportunity to sell.
As you see in the chart, BTC is forming a bearish flag-like structure and currently trading inside the flag. If BTC breaks down from this bear flag then ready for 28k
As you saw in the chart, in previous we have also seen this bear flag-like structure two times and after the breakdown, both the time BTC drops almost 21% so if BTC breaks down this time then the same scenario repeats and BTC hits 28k level.
I know some of you don't like this scenario and personally, I also don't want that it becomes true. I'm happy to be wrong but we can't ignore the facts. We have to be ready for every possible scenario. Trading is not about emotions. You have to keep your emotions aside and take action accordingly to what you see in the charts.
Invalidation Level:- If BTC daily candle breaks and close above 40.5k then this chart becomes invalid.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
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