BitcoinShort
BTC Lets keep it real 7-8% Short Bull pendant broken
Updated
Not financial advice.
If you agree like and follow.
We had a bull flag pendant setup that we are currently trading under as I highlighted that has to stay above 24200 on the 4 hr closes.
Each 4 hr that passes this number becomes slightly higher and higher.
This pattern will be invalidated if we get a 4 hr close above 24400
Until then bearish down to around 22k-22450
Equal move down as length on pendant
Always practice practice
#PIK
#TLAW
Think Like A Whale
If you agree like and follow.
We had a bull flag pendant setup that we are currently trading under as I highlighted that has to stay above 24200 on the 4 hr closes.
Each 4 hr that passes this number becomes slightly higher and higher.
This pattern will be invalidated if we get a 4 hr close above 24400
Until then bearish down to around 22k-22450
Equal move down as length on pendant
Always practice practice
#PIK
#TLAW
Think Like A Whale
Trade active
23300 is first area of interest to hold. Need a 4 hour close above 24400 to invalidate this theory.
If we lose 23300 then
22k-22500 is our value area currently.
This is a very small analysis and not a big picture of market but a short term trade.
Trade closed: target reached
Targets 1 and 2 reachedA 8% short couldn't break 24400
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