Hello Friends!
It looks like a bear flag is forming on the weekly. Last time BTC moved up to $69K it was trading above the 50 week. Now it’s below the 50 week and looks like a flag is forming between the 50 and the 100 week. Break below the 100 week can push it down to $20-25K (200 week).
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
It looks like a bear flag is forming on the weekly. Last time BTC moved up to $69K it was trading above the 50 week. Now it’s below the 50 week and looks like a flag is forming between the 50 and the 100 week. Break below the 100 week can push it down to $20-25K (200 week).
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Dagangan ditutup secara manual
I closed my position at $48K. I'm waiting to reenter if/when BTC holds above the 200 day moving average . I like for it to hold above $48K-$49K for a few days before reentering. A strong rejection might cause it to drop back to $41k-$42K to hopefully find support.
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.