Mr_Flower

Two Downtrend Patterns in Bitcoin !!!

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BINANCE:BTCUSDT
Bitcoin on the verge of falling again?
According to this analysis, bitcoin may still fall. Having two downtrend patterns together reinforces this scenario. If Bitcoin can not stabilize above the price of 42,000, the power of this scenario will be multiplied!
Tip one: Bitcoin may abandon the bat pattern and continue its trend
Tip two: Bitcoin may be supported at the bottom of the flag pattern , so consider free risk
Tip 3: This is just a personal analysis so be careful what you do +++
Trade active

Comments

Dropping to 16k eliminate the entire gain for this year which I don’t see happening unless a major news impact btc
+4 Reply
Mr_Flower mark21fx
@mark21fx, This is a good idea, but this scenario is only based on the rules of technical analysis and should not be traded. And this is my only personal opinion. Thanks for the good comment, my friend
+1 Reply
Opinions don’t matter, TA does
+1 Reply
Mr_Flower omaranmolali
@omaranmolali, Absolutely right, thank you for your help
Reply