BitcoinShort
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
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.