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JacintoMonteiro
Jun 2, 2023 5:35 PM

BTC next 23,7k target. Short

Bitcoin all time history indexINDEX

Description

Possible sceneario of a forming BTC bear flag, breakdown and hit the MA200 daily around 23,7k USDT.

Comment

So far looking accurate.
Looks like tis drawing an head and shoulder inside the bear flag.

Comment

We broke down the bear flag as prediced.

Trade active

Almost reaching our target at MA200 daily.

Comment

We are touching the 24k.

Getting closer to MA200 daily as expected. It should be around 23,7k .

A strong bounce may happen in this area.
Comments
Tradersweekly
It is getting increasingly close to that 200-day SMA. Once it breaks below it, it will be bearish. Thanks for sharing.
JacintoMonteiro
@Tradersweekly, Thanks input. So in your opinion, no bounce in the 200-day SMA once we get there?
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