BitcoinShort
Bitcoin Bear Flag
Bear flag on 4h chart. If bitcoin's price falls below 18600$ then there is 75% probability to continue dumping at lower levels. One target is 15.000$
A more catastrophic scenario would be at 12.500$
Normally a flag heads to the direction of the initial breakout, but since there are many fakeouts in crypto markets, I expect a first a pump at ~22k so more longs can be liquidated. Then a dump that could be time developed in the cross of the flag's lines.
A more catastrophic scenario would be at 12.500$
Normally a flag heads to the direction of the initial breakout, but since there are many fakeouts in crypto markets, I expect a first a pump at ~22k so more longs can be liquidated. Then a dump that could be time developed in the cross of the flag's lines.
Copy my trades on my VIP group:
linktr.ee/gentasvip
linktr.ee/gentasvip
Copy my trades on my VIP group:
linktr.ee/gentasvip
linktr.ee/gentasvip
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.