BTC: FORMING BEAR FLAG IN LTF!!
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Welcome to this quick BTC update.
BTC is not looking good in LTF. It is forming a bear flag in 1hr time frame which is a bearish pattern. Price is still inside the flag. Once it breaks down the flag we got more confirmation of a downside move. If BTC breaks down this bear flag then the possible target is 15.8k-16k
Invalidation:- Any hourly candle close above 17k
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Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update.
BTC is not looking good in LTF. It is forming a bear flag in 1hr time frame which is a bearish pattern. Price is still inside the flag. Once it breaks down the flag we got more confirmation of a downside move. If BTC breaks down this bear flag then the possible target is 15.8k-16k
Invalidation:- Any hourly candle close above 17k
If you like this quick update then hit the like button.
Also, share your views in the comment section.
Thank You!
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