If BTC breaks 29K ish we will see it go in the toilet, or if the fed comes out with a less dovish outlook we could see this bad boy bounce back, for now ill trade the channel before the breakdown or breakup. The bear flag is drawn to 13K which is just my 2022 Christmas wish, I'll sell everything if we see that, house, car, dog the works. Death to bulls xoxo Not advice just a good looking chart
Trade active:
Shorts have been active since break of channel, will short further with confirmation of a break of 29k or sustained price action just below. Probably down to 20-22 from here
Comment:
With the fed interest rate increase tonight (Australian time 4 AM) being likely more than 50 basis points we could see that bear flag finalise to 13K USD in the near term. Would not be surpised if BTC wicks down to 18K when the Fed speaks.