Bitcoin to $46k - Bear flag

업데이트됨
** Short term analysis **

A bear flag print will confirm by Thursday 5th of September should price action fail to regain market structure support.

The target is 46k..

Remind me in the comments below by Thursday close to check structure!

Is it possible price action recovers structure? Sure.
Is it probable? Not on this time frame.

Ww
액티브 트레이드
Sell today..
Or become a bag holder tomorrow..
거래청산: 스탑 닿음
Price action needed to close above 59.5k for 4 days on this time frame of the original chart to void the idea.This is now confirmed, the 2 day bear flag is now void.

Sorry bears. Better luck next time.
노트
PS: 68.5k is the next resistance.
노트
Maybe the resistance level was 66.6k !!

Selling it all before it goes to 0 seems to be the modus operandi.

For those of you who don't know, this is a capitulation and a buying opportunity.

스냅샷
노트
Looks like a visit to 57-58k is next up on the sellers menu:

스냅샷
노트
A visit to 58k occurred if not briefly, what next?

I know what I see, a rising wedge with breakdown confirmation. A forecast to 52K is indicated.

스냅샷
FlagMultiple Time Frame AnalysisSupport and Resistance

BTC
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Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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