Bitcoin sets to drop to $12,000 - $14,000 range if Breakout Short

Bitcoin / United States DollarCoinbase

Description

⋅ Apr 18, 2022 9:09 AM

Here's something interesting about Bitcoin.

There seems to be a bearish flag forming, and if it breaks through the flag we can expect a further selling off for Bitcoin.

First support seen at about 20k.

If there is panic selling, then no doubt a 12K to 14K is likely.

However, will Bitcoin fall that much? Remains to be seen.

Comments

Ben_vouh

⋅ Apr 18, 2022 9:58 AM

thecoffeeshoptrader

⋅ Apr 18, 2022 10:00 AM

@Ben_vouh, nice chart

simpsonepic1a

⋅ Apr 19, 2022 6:56 AM

Break has happend and if it finds support above or before this i would like to ask you to commit to to stop publishing your charts on Trading you ever again and stop trying to manipulate with fake charts.

Ben_vouh

⋅ Apr 18, 2022 9:58 AM

Im ready! 👌

Walter_White_2021

⋅ Apr 18, 2022 9:38 AM

Curious as to why you don’t see 28k-30k as a major support…

thecoffeeshoptrader

⋅ Apr 18, 2022 9:45 AM

@Walter_White_2021, ah yes that could have been a near term support. Was extrapolating the range from the top to the flag and to the break of the flag.