Bear Flag, H&S, and targets
BTC has many bearish patterns and their targets at 8.1k, 7.6 and 6.5(more likely 6.7). I expect that every area around this targets will have a little bounce, opening an opportunity for scalpers. However, 6.7k- 7k should be the last destination(1D RSI ~30) before a new rally. If for any reason it will be breached and 5.9 not going to hold, I expect it to dip all the way to 3.5k. I'm out.
Trade closed: target reached
Trade closed: target reached
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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.