Is bitcoin preparing for new low..!!

As we can see bitcoin is forming Inverted flag and pole pattern, so if it goes below 34455 level then a short position can be taken. Sl should be according to your risk capacity. first target could be around the support zone i.e arround 28000-30000 level. If that support zone is broken a good sell off may come in near future.

Commentaire:

As you can see this analysis worked out well after the breakdown from the inverted flag and pole pattern it took support at the support zone and then gave a good breakdown and made a low of approx17000-18000. Now bitcoin can give a pullback and can retest the 28000 level...