BTC MUST BOUNCE FROM HERE, IF NOT THEN BE READY FOR A BIG DUMP!!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In my previous BTC update, I clearly told you that BTC is not looking good so be cautious. Hope you guys listened and save your money in this dump.
Now let's get to the chart.
BTC is forming a bear flag-like structure in the daily time frame and currently trading near the lower trendline of the flag. The last two times, we see a very good bounce from this same zone. We can expect the same bounce this time also.
If in any case, BTC daily candle closes below $20.6k and breaks down from this bear flag it will be very bad for the whole market.
As of now looks like it is holding the support and ready to bounce from here.
What do you think about this?
Do you also think that BTC can bounce from here or do you think that it wil break down the bear flag and make a new low?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. In my previous BTC update, I clearly told you that BTC is not looking good so be cautious. Hope you guys listened and save your money in this dump.
Now let's get to the chart.
BTC is forming a bear flag-like structure in the daily time frame and currently trading near the lower trendline of the flag. The last two times, we see a very good bounce from this same zone. We can expect the same bounce this time also.
If in any case, BTC daily candle closes below $20.6k and breaks down from this bear flag it will be very bad for the whole market.
As of now looks like it is holding the support and ready to bounce from here.
What do you think about this?
Do you also think that BTC can bounce from here or do you think that it wil break down the bear flag and make a new low?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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