Bear flag or Bart
Possible bear flag or Bart...
It looks like btc is going to drop the next flag pole down.. this could happen when btc close a daily candle below the pink line.. best for the bears would be a close below 8k on daily I have 2 targets... near the 0.618 fib at 7200ish or might drop lower towards 6k what always have been a decent support...
If close above the pink line at 8.3k preferably above 8430 above the 200MA daily this could trigger a Bart back up.. targets between 9.1k and 9.5k
I have opened a short as btc looks to be in an descending channel... got an avarage position at 8140.. Stops are in profit in case bulls are able to get a daily/weekly close above 8k-8050
I am staying neutral until we have an conformations!!
It looks like btc is going to drop the next flag pole down.. this could happen when btc close a daily candle below the pink line.. best for the bears would be a close below 8k on daily I have 2 targets... near the 0.618 fib at 7200ish or might drop lower towards 6k what always have been a decent support...
If close above the pink line at 8.3k preferably above 8430 above the 200MA daily this could trigger a Bart back up.. targets between 9.1k and 9.5k
I have opened a short as btc looks to be in an descending channel... got an avarage position at 8140.. Stops are in profit in case bulls are able to get a daily/weekly close above 8k-8050
I am staying neutral until we have an conformations!!
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