Bitcoin - 4hr Bear Flag Short

Bitcoin / DollarBitfinex

Description

⋅ May 12, 2020 11:14 PM

Bitcoin ran up to the weekly descending trendline without a pullback.
What goes up must come down and after a 10%+ pullback, this 4hr chart looks to be forming a nice bear flag.

Entry: $8850
Stop: $9200

Take Profit: $7500

BITFINEX:BTCUSD

Comments

gonzaloaraujoc

⋅ May 12, 2020 11:32 PM

Agree!

Lucron

⋅ May 13, 2020 12:14 AM

@gonzaloaraujoc, We'll see how it plays out!