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RockinHood

BTC 15m Bear Flag without VPVR Resistance

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
RockinHood Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns bearflagpattern Bearish Flag gap vpvr
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trendanalysis chartpattern bearflagpattern bearishflag gap vpvr
We have a school example of the bear flag formed on under-hour timeframes, and it targets the price of 28300, which perfectly fills the gap in historic volume shown on the VPVR on the right.
Comment:
Fibonacci retracement from the previous uptrend also supports the 28300 price target at the 1.618 level if the current support doesn't hold.
Trade closed: target reached

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