BTC in a Bear Flag. Further Downside Incoming

Short

Bitcoin / TetherUS (BINANCE:BTCUSDT)

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BINANCE:BTCUSDT Bitcoin / TetherUS

trendanalysis chartpattern beyondta btcusd btcusdt btc btcusdshort usdt usd btcusdidea btcusdtshort btcusdtperp

BTC is in a bear flag as shown in the chart.
Flag patterns depict trend continuation and in the case of a bear flag - a downtrend continuation.
If the support line at $37k is broken, then the narrative is a completely bearish scenario.
$30k is the price in sight for the bears.
Keep a close eye as price trades in this flag.
Happy Trading!.

Commentaire:

Hey traders, did you miss this sweet short? I hope you don't.
BTC obeyed without any second thought. Watch out for the price at $37k support level.
In fact, I called for a short on BTC since at $47,200 on my YouTube channel (SixtusGlobal) though I did not publish it here.
Do have profitable trades.
Don't forget to like, share and drop your comments.
Thank you!.

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