BTC: retesting this flag pattern! which does not look good
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#BTC(Update)
BTC breakdown this bearish flag pattern in the daily time frame.
currently, it looks like retests of this pattern which is not good for the whole market, according to the pattern it can drop up to 42%.
In case a daily candle closes inside the flag pattern then the pattern will be invaded.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC(Update)
BTC breakdown this bearish flag pattern in the daily time frame.
currently, it looks like retests of this pattern which is not good for the whole market, according to the pattern it can drop up to 42%.
In case a daily candle closes inside the flag pattern then the pattern will be invaded.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Yesterday BTC daily candle closed inside this channel and invalid this bearish flag pattern now we have 100ma and lower support of this channel as support.
We can expect to bounce towards the upper resistance of this channel but there is a resistance of $24700 that BTC needs to break.
Let's see how the market reacts.
Stay tuned