Hello Birdies,

So all the moon boys were rekt I guess :) But yeah we nailed it to the wick the figures which we gave in the last idea hit to the decimal.

So where we are heading now? Let get to the chart.

The previous support(by fib channel) is now acting as resistance the redline and fib 0.786 is giving support for now.

We may see a little retracement upto 30,500 or if it plans to do a good correction than to 31, 300

As Per our chart the critical support is at 28700-28940 price is still holding above it but the bear flag at H2 is going to destroy it.

IMHO, the BTC is getting rejected at the support of 30k twice already if it didn't go up in a couple of hour we are going to lose 28700 too.
Note
NICE fall from 30700
Trade closed manually
Perfect 5%
Note
WOW just nailed it just nailed it
Note
I posted this somewhere else while debating over BTC Pump. THe blue line from daily fib channels we have and the red line is coming from the Bearish Pinbar and so happened the blue line which ofc is from daily give it more strengthen. If it broke above blue line there are two more resistance and then you can buy your short position on yellow and green

snapshot
Bearish FlagblackbirdtradingBTCUSDBTCUSDTChart PatternsTechnical IndicatorsshortsetupSupport and ResistanceTrend Analysis

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