Flag pattern in daily time frame
Looks that we gonna have a flag pattern in daily time frame but it is not confirmed yet. If flag pattern will confirm so we can see BTC under 20K. Since EMA 200 is under EMA 100 bearish market have more power so i can belive in BTC will down more than up.
Note
OBS! Just want say that for comfirmation of flag pattern we need to see that BTC break down line 3/1 of gan fan. Since BTC has moved very weak to touch or break lin 2/1 so it is very possible to break down 3/1. Just wait for confirmation break to take a short position.Trade active
Time to take short position. :)
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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.