A bull Flag turned into a symmetrical triangle formation?
Updated
Bitcoin saw a sweet bull flag breakout get rejected on the daily horizon. The Bullish target would have pumped Bitcoin all the way to 58k-62k with a 56% increase (560% profit at 10x Leverage).
However, a rejection confirmation here can send us back down to hell (not as bad as it sounds though "local hell") but this isn't a bad thing!
For traders out there looking for profitable trades, this can give you a nice 20% profit from a short (even higher with a decent leveraged position) and a massive 81% pump to the upside right after that.
Be careful with your trade and have a nice week!
However, a rejection confirmation here can send us back down to hell (not as bad as it sounds though "local hell") but this isn't a bad thing!
For traders out there looking for profitable trades, this can give you a nice 20% profit from a short (even higher with a decent leveraged position) and a massive 81% pump to the upside right after that.
Be careful with your trade and have a nice week!
Order cancelled
This trade got canceled out! At the time of posting, it looked like Bitcoin was almost getting rejected at resistance but yea I was wrong. I should have stuck to the idea right before this one.
I did have a long position open with a stop-loss which didn't get hit!!
Let's get back to trading, Shall we!
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