BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Technical Analysis

Hey guys whats up sorry I didn't showed up for long. Now lets talk about bitcoin . Looking bullish and sideways since some days. But is the bottom ? I don't think so bottom hasn't come yet. i think its forming another bear flag and then the correction will complete. The whole correction is WXY Correction or it can also be WXYZ Correction it will be interesting to see. For now my target is somewhere between $4500-$5000 it will be interesting to see. Well thast all for now thanks guys or looking into it don't forget to leave a like. I'll be updating this idea on threads so don't forget to follow me. Thanks you.

Indicators

1. MA(Weekly) - The gap between the 20, 50 MA is decreasing and they might cross soon bulls have to defend that.

Conclusion

Overall The Bitcoin market is mostly bearish and sideways, if u see the volatility in daily frame is at low. The formation of bear flag may take us low that's all for now thank you for your support.

"For Every disciplined effort there is a multiple reward." - Jim Roban

THANK YOU
Trade active: Now let's see this ABC In deep
Trade active: Here we are with the breakdown price will test the channel before the further fall
Trade active: Still Waiting For the dip

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