BitcoinUpdated $BTC / $USD Bear Flag and Hidden Bear Divergence
Hidden Bear Divergence w/ BB %B
Break down of wedge expected before upward continuation to test 8K as resistance, however targets for Bear Flag are presented in case of downward continuation
There is a High probability, Low Risk Short Set-Up present, but this post is purely for objective analysis.
R:R on long positions is unfavorable at current price. Low Probability, High Risk.
- Divergence also exists on higher TFs
- Divergence exists with a BB %B of length 30 as well
Break down of wedge expected before upward continuation to test 8K as resistance, however targets for Bear Flag are presented in case of downward continuation
There is a High probability, Low Risk Short Set-Up present, but this post is purely for objective analysis.
R:R on long positions is unfavorable at current price. Low Probability, High Risk.
Note
Don't see this scenario playing out.
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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.