Looks like bear flag formed on multiple time frames , I expect a little bounce up to $50k levels ( MAX , it can breakdown without bounce also ) before further down side .
keep in mind DXY is bullish & tomorrow & day after tomorrow , Huobi ( china's largest exchange ) will suspend deposits & transactinos for users in china .
Clean breakout from this flag will invalidate this idea .
NOT FINACIAL ADVICE.
keep in mind DXY is bullish & tomorrow & day after tomorrow , Huobi ( china's largest exchange ) will suspend deposits & transactinos for users in china .
Clean breakout from this flag will invalidate this idea .
NOT FINACIAL ADVICE.
Trade closed manually:
Bulls defended $45k area very well , closing my short position with loss.