As we can see at the moment bitcoin is at strong support key level. It tried to break it couple times, but this time bulls were stronger. I believe the price should bounce back up from bottom bollinger band to at least mid range ~41k. However I think going down to ~30k later is unavoidable. Ofcorse we need to see how it will react on resistance levels, but this is...
Clearly a flag is formed with squeezing prices. Is Bitcoin going further down? What are your opinions?
It's not a financial advice, it's just my opinion, that gold has made a resistance level at 1828.78 it will try to break it, but if it's false break, we set a sell stop order beyond that level and hope for 1:3 ratio Take Profit. If it hits our SL, we make same order again.
The price tried to break 1811 resistance level several times, now we see a flag formation and squeezing prices. True break is possible here.