BTC/USD is forming a bearish flag. Really similar to XRP some days ago. Target 8k USD.
I am glad for any feedback!
I am glad for any feedback!
Comment:
I really like this TA! the bearish flag is following the trend lines really well! Have a look!
I really like this TA! the bearish flag is following the trend lines really well! Have a look!
Trade closed: target reached:
I think we have reached the target! The 7500 mark in the first screen is a little bit to exaggerated but all in all i was really close! So we are hitten a new support zone right now. It can drop further. The volume is really high right now. So i think btc could have really reached the bottom. What is confirming my theorie is that we had a beautiful last 5 wave elliot to rounded 9k. :D
I think we have reached the target! The 7500 mark in the first screen is a little bit to exaggerated but all in all i was really close! So we are hitten a new support zone right now. It can drop further. The volume is really high right now. So i think btc could have really reached the bottom. What is confirming my theorie is that we had a beautiful last 5 wave elliot to rounded 9k. :D
After the lesson from @perfido I have to correct the target to 10k for one BTC. But we have to see if the chart will break the pattern now or if it will go up again!