Short

Updated

BTC 1D TF - bear flag?

All in the chart, Looking at the $5,900 zone.

Your thoughts?

Note

Let's have some fun with fractals:

snapshot

Note

snapshot

Note

Another plausible scenario

snapshot

Trade active

Heading to test the parallel channel's support

Trade active

Bear flag is paying out.

Targets are:
- $6,100
- $5.850
- $5,400

Stop loss to be readjusted after each support being broken ;)

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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.