The whole market and BTC are bearish as you can see, However, I think this downtrend is near its end.
Flag patterns are so strong and they are continuation patterns. As you can see a bearish flag pattern has formed on the chart, So according to the breakout of this pattern and the weakness of the short-term uptrend(Which is a pullback), I expect to see another wave down.
This wave down can be continued up to $29,000 support zone according to the flag pattern target, But I prefer to consider the $33,500$ as the first TP and the $29,000 as the second TP.
As I told you, According to my experience this downtrend is near to its end and a pullback is needed. But before that a wave down up to lower supports is possible.
Flag patterns are so strong and they are continuation patterns. As you can see a bearish flag pattern has formed on the chart, So according to the breakout of this pattern and the weakness of the short-term uptrend(Which is a pullback), I expect to see another wave down.
This wave down can be continued up to $29,000 support zone according to the flag pattern target, But I prefer to consider the $33,500$ as the first TP and the $29,000 as the second TP.
As I told you, According to my experience this downtrend is near to its end and a pullback is needed. But before that a wave down up to lower supports is possible.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.