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VasilyTrader
Aug 15, 2022 6:33 AM

BITCOIN (BTCUSD): Key Resistance Ahead! Your Plan: Short

Bitcoin / United States DollarCoinbase

Description



As I predicted, Bitcoin successfully reached 25.000 level.
Being a solid resistance, the next bearish wave may initiate from that structure.

Even though the market is bullish this summer, remember that it is trading in a global bearish trend.
To catch a bearish trend continuation, watch a bearish flag pattern on a daily time frame.
Its bearish breakout (daily candle close below its support) will trigger a strong selling reaction.

Alternatively, a bullish breakout of the underlined resistance may trigger a further bullish continuation.
The next resistance on focus will be 28000 - 28900 area.

Good luck!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Comment

Check my new idea on GBPAUD:
Comments
VasilyTrader
Wait for a flag's support breakout, traders
that is your trigger to short
SignalProvider
Agree with you!
ProjectSyndicate
let's keep an open mind, interesting overview
eyyPhantom
Short, sweet and to the point. Excellent work
TradingExpertFx
Thank you for sharing!
SwallowPremium
Great insight
FieryTrading
Looks very promising!🔥
AtlasTrades
High Probability Set-up for BTC/USD, I agree with this pattern
JoeChampion
Yes, based on current macro environment i think we can definitely expect a market crash!
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