Boon2

BTCUSD M30 Bear Flag. (RISKY)

Short
Boon2 Updated   
BITSTAMP:BTCUSD   Bitcoin
There's quite a few btc short ideas out there on TV at the moment so I want to give my analysis of quite a risky bear flag.

M30 We have 5 up with bearish divergence but we have no lower low and there's a possibility of bullish hidden divergence. There is a bear flag forming but its a very risky trade so if you take the trade keep a very tight SL.

H4 Wave Z Up idea the 1st TP has been hit and I can't rule out the 2nd TP getting hit in the near future. Checkout the idea to get the complete picture thanks.

Good luck and trade safe!

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Comment:
BTCUSD M30 Expanding Flat. Checkout the idea to get up to speed thanks.

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