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BITCOIN (BTCUSD): Detailed Technical Outlook ₿

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Bitcoin (COINBASE:BTCUSD)  
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COINBASE:BTCUSD   Bitcoin
Multiple Time Frame Analysis Parallel Channel Flag Bitcoin (Cryptocurrency) crypto Cryptocurrency cryptotrading cryptomarket XBTUSD cryptotrader
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5
mtfa parallelchannel flagpattern bitcoin crypto cryptocurrency cryptotrading cryptomarket xbtusd cryptotrader
snapshot

Bitcoin successfully violated a wide horizontal daily demand area.
The broken structure turned into a supply zone.

The market is correcting now.
I spotted a bearish flag pattern on 4H time frame.
Its bearish breakout may initiate the next sell off.
Watch carefully the reaction of the price to its rising support.
Consider shorting after a 4H candle close below with initial target being 22100.

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