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Caution! BTC Fake Out

Long
cryptoideas  
PHEMEX:BTCUSD   None
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC BTCUSDT btcusdlong btcusdshort btcusdforecast btcusdanalysis btc_usd btclong
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trendanalysis chartpattern indicator btcusd btc btcusdt btcusdlong btcusdshort btcusdforecast btcusdanalysis btc_usd btclong
Fake out of a bear flag on the 4 hr inside of a rising wedge (bearish) on the daily time frame. If these patterns break to the down side, expect a quick correction followed by a massive move to the upside. This is due to an abundance of support below us. These patterns can also be traded to the upside.

Refer to previous posts for more charts, details, and price targets.
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