syedhamza2135

Shorts Squeeze Incomming

Long
syedhamza2135 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC seems to be breaking down from what appears to be somewhat of a bear flag which can be considered as upward ABC correction. But in my opinion, this is another trap for bears, the downward which i am expecting is around 18k - 18.5k range with upside target of ~25k.
Comment:
Might see reversal from this 100% level instead of 18.5 - 18k. Since double bottom is forming as well, entered in long with tight SL just incase i miss out while waiting for lower ranges

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.