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Mushroom_tip
Aug 26, 2022 6:13 PM

Bear Flag broken on the1D, expected drop to 19-17k Short

BTC Perpetual Futures ContractBinance

Description


Hello everyone, if you like the idea, do not forget to support with a like and follow.

Welcome to this BTC quick update.

BTC broke the bear flag in the 1D time frame that was expected from the last few days. If prices closes below then we now can expect price to touch 19k area of support level at least.

WHY I'M ON BEARISH

1) Price broke the bearish flag pattern.
2) MACD is confirming the Bearish momentum
3) Volume continuously going down
4)"Super trend" breakout on the daily confluence with all signals down.


What do you think guys?

Share your views in the comment section.

If you agree with my points then do hit the like button.

Thank You!

Trade closed: target reached

Target reached
Comments
Mushroom_tip
second target reached
Mushroom_tip
First target Achievement
Mushroom_tip
Also add the bearish engulfing Daily Candle
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