BTC - Bear Flag in formation

COINBASE:BTCUSD   Bitcoin / U.S. Dollar

****Do your own analysis and trade your own targets, then you have only yourself to blame if the idea doesn't play out****
Comment: Current volume is against this idea. Low probability of panning out.
Trade active: 9.6k is a conservative target. It could go as low as 8.7k
Comment: Another pattern adding more pressure for movement in the same direction
Comment: Break below 11k in the next 20 hours will accelerate fall towards 8.7k region.
8.7k-8.8k will be the first area of any meaningful bounce. Time to strap your seatbealts!!
Comment: Headed to 10100, but will it hold?
Comment: 10.1k will hold for a bounce up. Will provide targets in the next idea.
Comment: Leave a like if you get something out of my idea, it costs you nothing, I ain't asking for your coins am I?
Comment: There is a possible buy signal coming up on 1h, if the day closes above 10920, BTC will test resistance at low 12k. If BTC doesn't close above 10920, between 9.5k and 9.7k is a good buy.
Comment: To all those who have no clue what's happening and are scrambling through TV to find an author whose bias you'd prefer, rather than the hard truth, hit like and follow me. I was once in your position, I know your plight. I believe you can benefit out of my ideas. And it's absolutely free!
Trade active: Target 8.8k. 9.5k support might be weak, best to buy after observing how price reacts at 9.5k. Or if your portfolio can handle it, cascade the buys between 9.5 and 8.8k, with proper risk management!

Break and close above 10.95k negates this idea!
Comment: To be clear, I'm not here to hand hold your trade entries and exit, it's a given that your shorts are already closed when we went below 9.8k.

8.8k is target for next buy!
Comment: Be careless and leave a lot of likes behind!
Comment: WARNING!!! A close below 9980 today can prove very fatal for BTC! There will be no point in buying as all buys will be invalidated! If this happens, BTC can go to the higher 7k region next week and there might be absolutely no bounce back to current levels.
Trade closed: target reached: You're welcome!
Comment: I hope my sharing of ideas helps each of you in someone way! A huge thanks to all the followers, people who hit the like button, people who appreciate and constructively criticize in the comments, people who share a nice conversation on the chat and including the one who anonymously visit. Without you're support, I wouldn't be able to do this! Thank you!
Plz check my share ideas on tradingviwe
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out