It Bitcoin going to fall further?
Hello all,
As I was predicting 2 weeks ago the BTCUSD pair has started crashing out of the
long term rising wedge pattern around 10 days ago. Here is the link:
So, what do we have now is the confirmed breakout of this long term bearish
pattern and possibly the switch of the trend (LLs and LHs). What are we possibly
observing now is a bear flag like pattern, i.e. AAD pattern to the previous big
rising wedge. The possible entry for this highly likely short trade is around
53,500 USD and the first TP is around 41,000 USD. If the price breaks out of the
structural level at the 41,000 USD then this free fall could continue up to the
previous structural ATL of 29,000 USD.
Good luck! And please, like & sub if you like this idea! :)
Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making any trading decision.
As I was predicting 2 weeks ago the BTCUSD pair has started crashing out of the
long term rising wedge pattern around 10 days ago. Here is the link:
So, what do we have now is the confirmed breakout of this long term bearish
pattern and possibly the switch of the trend (LLs and LHs). What are we possibly
observing now is a bear flag like pattern, i.e. AAD pattern to the previous big
rising wedge. The possible entry for this highly likely short trade is around
53,500 USD and the first TP is around 41,000 USD. If the price breaks out of the
structural level at the 41,000 USD then this free fall could continue up to the
previous structural ATL of 29,000 USD.
Good luck! And please, like & sub if you like this idea! :)
Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making any trading decision.
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