Long

bearish flag for btc/usd (-50% possible in the next days)

Updated

BTC/USD is forming a bearish flag. Really similar to XRP some days ago. Target 8k USD.
I am glad for any feedback!

Note

After the lesson from perfido I have to correct the target to 10k for one BTC. But we have to see if the chart will break the pattern now or if it will go up again!

Note

I really like this TA! the bearish flag is following the trend lines really well! Have a look!

Trade closed: target reached

I think we have reached the target! The 7500 mark in the first screen is a little bit to exaggerated but all in all i was really close! So we are hitten a new support zone right now. It can drop further. The volume is really high right now. So i think btc could have really reached the bottom. What is confirming my theorie is that we had a beautiful last 5 wave elliot to rounded 9k. :D

DAVEDT

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