BTCUSD is in a bear flag pattern
Updated
The H4 frame shows BTC moving in a bear flag pattern, which is a bearish pattern. The square I drew is the price range
This model should be noted on the sell side.
* If the price goes above the upper channel, don't take sides because it is not clear
* If the price crosses the lower channel with a big candle, please click on the command or wait to pullback to the lower channel.
* SL 1 is at the top of the bearish descending candlestick broke the pattern, SL 2 is at the top of the model (square).
* TP1 and TP2 are the ideal profit targets that I have marked already.
>>> Pullback is safer, but remember you don't always have pullbacks.
>>> This is a setup for your reference before entering the command, if you want to exchange please leave a comment below.
If you like please give me 1 like
This model should be noted on the sell side.
* If the price goes above the upper channel, don't take sides because it is not clear
* If the price crosses the lower channel with a big candle, please click on the command or wait to pullback to the lower channel.
* SL 1 is at the top of the bearish descending candlestick broke the pattern, SL 2 is at the top of the model (square).
* TP1 and TP2 are the ideal profit targets that I have marked already.
>>> Pullback is safer, but remember you don't always have pullbacks.
>>> This is a setup for your reference before entering the command, if you want to exchange please leave a comment below.
If you like please give me 1 like
Trade active
Price is looking to the lower channel
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