BTC Potential Short Position - Breakout at $8300 - Target $7700
BTC has shown some bullish signs in the last two days, yet for me I think it is just a bull trap and I can notice that all this move was not backed by significant volume to justify it.
On the other hand, looking at the 12H chart shows that there might be a bear flag is forming and the moment we break-out the $8300 ($8200 to be conservative) to target $7700
There is a possibility to breakout to the upside - that's why we need a confirmation before we go short
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Regards
On the other hand, looking at the 12H chart shows that there might be a bear flag is forming and the moment we break-out the $8300 ($8200 to be conservative) to target $7700
There is a possibility to breakout to the upside - that's why we need a confirmation before we go short
Please click Like and Follow Me to be notified of any update on this chart
Regards