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Welcome to this quick BTC update.
BTC is forming a bearish flag pattern in 1hr time frame and consolidating inside the flag. If it breaks down the flag then expect another dump up to the $20.8-$21k level. However, we have to wait for a breakdown of the flag for confirmation.
Invalidation:- Any hourly candle close above $22.7k will invalidate this bearish scenario.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update.
BTC is forming a bearish flag pattern in 1hr time frame and consolidating inside the flag. If it breaks down the flag then expect another dump up to the $20.8-$21k level. However, we have to wait for a breakdown of the flag for confirmation.
Invalidation:- Any hourly candle close above $22.7k will invalidate this bearish scenario.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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.
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.