bear flag for BTC
as you can see there is a huge bear flag pattern in the daily time frame
the flag itself is also ideal because it has 3 top touches and four bottom touch
now the flag has been broken out so we can go for a short position BUT wait for a pullback and see what will happen and then decide to short
our first tp can be 37K and then maybe the 35K
⚠⚠⚠ maybe some people think that because its a flag pattern we are expecting the fall as the same as the flagpole
but there is a strong support zone between 29K-31K which can not be broken easily
the flag itself is also ideal because it has 3 top touches and four bottom touch
now the flag has been broken out so we can go for a short position BUT wait for a pullback and see what will happen and then decide to short
our first tp can be 37K and then maybe the 35K
⚠⚠⚠ maybe some people think that because its a flag pattern we are expecting the fall as the same as the flagpole
but there is a strong support zone between 29K-31K which can not be broken easily
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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.
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.