Bitcoin / Tether USDUpdated BTC | Another flag pattern, but seems different.
After a strong breakout of previous region, a sudden sell off follows, looks a little too eager.
At first it looks like a successful second test, but after the following re-test, the rise is lack of volume.
But, with a good selling climax & second test in 31000, the background is about to change, we just need to survive through some shaking-out actions.
At first it looks like a successful second test, but after the following re-test, the rise is lack of volume.
But, with a good selling climax & second test in 31000, the background is about to change, we just need to survive through some shaking-out actions.
Trade closed: stop reached
Failed prediction, breaking out of flag still brings buying.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.