In the next 24h we should have a decision weather we are going to continue to the upside of the ascending channel, or break down from the bear flag that is visible when we zoom out. (See Below)
Bear Flag:
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
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The two key levels here:
Red Horizontal Line (20.273$): The last high and rejection point when BTC failed to break above the downward sloping trendline. A 4h close above would be our confirmation for a minor trend reversal.
Green Horizontal Line (22.570$): The neckline coming from the range highs before the last major dip, a 4h close above would indicate the start of a bullish reversal on the larger TFs.
A rejection at either point could mean a breakdown from the current range to new lower price targets.
Trade closed: target reached
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We reached our Target! Thanks you for your engagement guys, and I hope you could find some value in my idea! 📈😁