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Bitcoin / TetherUS
Short

BTCUSDT: Bearish flag

By fortitude23
Updated
Analysis on Bitcoin (1H timeframe): first some little break under the flag, followed by the confirmation and then probably the real break to the 29k - 29.5K area will follow.
Comment
Price going down, as expected.
Comment
We are not far from the target in the chart, but I don't think the dump will stop there, probably going fully to 29K. If there is not enough support there, the next major support would be around 24K.
Comment
Target almost reached. Sooner or later it will come there. Lower high, lower low, this is how it goes now.
And, again, if 29K will not hold pretty well, 24K is the bouncing level.
Trade closed: target reached
29k reached, but, again, if 29K is not holding, 24K is next.
bitcoinbearishflagbearishFlagshortsetupshorttrade
fortitude23

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