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BTCUSD H8: BEAR FLAG TP 24 000 USD SHORT IT (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: BTCUSD H8 chart review ::: BEAR FLAG in progress / limited upside ::: strong prior downtrend in progress ::: nasty looking chart - no upside ::: confirmed by BTC .D chart - no upside as well ::: Short sell rips/rallies near 33/34 000 USD ::: BULLS losing control / expect new fresh LOW soon ::: BEARS should focus on SHORTING RIPS / MARKET SELL ::: TP BEARS based on conservative strat: 24 000 USD ::: expecting fresh selling NEXT FEW WEEKS ::: not a bullish setup / BULLS should stay out ::: prior strong downtrend so more losses obviously ::: weak structure / BEARS taking over NOW ::: there might be a WEAK bounce on the DUMP ::: so expect RIPS/RALLIES to get sold ::: if we get the BOUNCE then RESHORT IT ::: exit/TP near 24 000 USD ::: recommended strategy: SHORT RIPS/RALLIES ::: BEARS TP1 26 000 USD TP2 24 000 USD ::: BEARS SHORT/HOLD at market ::: expecting 2-4 weeks of losses ::: good luck traders! ::: SHORT/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/DUMP/24 000 USD ::: Sentiment short-term: BEARS/DUMP
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