Short

Bitcoin set for reversal around 23250

Updated

We have a bearish butterfly showing on the Bitcoin chart. We will see it reach Fib extension 1 at which point it will have reached the highest point of the bearflag, thus reversing and trending towards 11k over the coming days.

Note

This is the updated version. As there is a cup and handle forming there will be upward momentum for now, but be cautious to exit the trade in time for the bears to ride it down again.

Odalisque

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