BTCUSD 15m - Bear Flag with 3 Targets
Updated
Hi everyone,
Thank you for considering reading my idea.
After the recent dump, it looks like we are consolidating at 38-39K and we are forming this bear flag or maybe a broadening wedge. We may pump up to 39.5k if we get supported on the bottom line of the flag. If we broke down off it, there are 3 targets:
1.) 38.5K
2.) 36.6K
3.) 34.8K
If we are conservative enough, maybe the first target would be more realistic.
Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
After the recent dump, it looks like we are consolidating at 38-39K and we are forming this bear flag or maybe a broadening wedge. We may pump up to 39.5k if we get supported on the bottom line of the flag. If we broke down off it, there are 3 targets:
1.) 38.5K
2.) 36.6K
3.) 34.8K
If we are conservative enough, maybe the first target would be more realistic.
Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Note
First target reached. I had to adjust my targets based on the breakout point.
Note
2nd and 3rd target reached
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