Bitcoin is Ready to Fall by Flag Pattern!!!

30 déc. 2024

Bitcoin(BTCUSDT) managed to break the 50_SMA(Daily) in the past days, and this could be a sign for a further fall of Bitcoin.

Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is breaking the Support lines.

In terms of Classic Technical Analysis, the Bearish Flag Pattern can cause Bitcoin to fall further.

I expect Bitcoin to drop towards $91,000 minimum after breaking the Support line and a possible pullback, and if the Heavy Support zone($95,000-$90,870) is broken, we should expect more dumps.

⚠️Note: If Bitcoin breaks the Resistance lines, we can hope for a further increase in Bitcoin.⚠️

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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

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Do not forget to put Stop loss for your positions (For every position you want to open).

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31 déc. 2024

Note

✅Yesterday, Bearish Flag Pattern's Target touched as I expected.✅

The possible movements of Bitcoin can be seen in the chart above in the 15-minute time frame. It's a bit of an emotional market, and be sure to pay more attention to capital management.

If the support zone($93,460-$93,000) breaks, we can expect Bitcoin to approach $90,000.

As long as Bitcoin does not go above 50_SMA(Daily), we can think about the short position.

Cumulative Short Liquidation Leverage: $95,550-$94,900

Cumulative Long Liquidation Leverage: $91,780-$90,620

CME Gap: $93,485-$93,420 (Previous CME Gap was filled).

31 déc. 2024

Transaction en cours

My Short Position was activation near the 50_SMA(Daily).

Also, Regular Divergence(RD-) between Consecutive Peaks.

It seems wise to open a short position in this situation.

Bitcoin with the news "MicroStrategy Buys 209M in Bitcoin Before Year-End." increased again, but I don't think its effect is greater than this increase in the last few hours."

⚠️Above $96,920, we can expect a further increase in Bitcoin.

31 déc. 2024

Trade fermée: cible de profit atteinte

Full Target Done

Happy New Year==Best Wishes