#BTC Bearish Flag 4 hr TF with supp. & resis

Bitcoin / TetherUS (BINANCE:BTCUSDT)

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BINANCE:BTCUSDT Bitcoin / TetherUS

trendanalysis flagpattern indicator btcusdt

#BTC Bearish Flag 4 hr TF with supp. & resis, as you see btc make a bearish flag in 4 hr TF you guys should wait for breakout

Commentaire:

Bitcoin is now testing the support line and the long wicks below it show price rejection. BTC needs to hold this line at all costs otherwise we see more blood in the market. Put stop loss in all trades. The support is $38,500-$39,000 area.

Commentaire:

#BTC did take a pullback but also dumped hard after testing the major resistance zone. Price made a new lower low which is now scary. Now, around, $37,000 is the room, where price can play. To shift market structure, price needs to break and close above $41,000.

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