Hello Birdies,
Lets analyze BTC once again. @VincePrince just posted same flag while I was writing this :)
Chart:
Analysis:
Lets analyze BTC once again. @VincePrince just posted same flag while I was writing this :)
Chart:
- BTC making a huge bear flag
- We plotted 3 resistance which is in play (which can you help scalp the BTC)
- 2 resistance are from ATH of May and Nov
- 1 is a local resistance.
- Trend based Fib time
Analysis:
- Price is squeezing between bear flag bottom and local resistance
- We may see a bounce and if it hold support @ 41, 500
- Start bull trap which will end at Nov ATH around 43 000 to 44, 000
- Go short start of capitulation
- Expected time for all of this is plotted using Trend based Fib Time it says 11 Days.
Comment:
It looks like we will hit the capitulation sooner than expected...
Comment:
Back into flag