Bitcoin BTCUSDT daily technical analysis (28 Feb 2020)

28 Feb 2020

Bitcoin BTCUSDT daily technical analysis (28 Feb 2020)
Keep this chart for Day 2
Wait to sell from $9100 or $9450 if there is a nice down setup

The bearish wave of BTC BTCUSDT yesterday paused around the $8500
The trend of BTCUSDT has turned to short-term decline after Bitcoin broke $9000 and moved down to $8500

The chart structure consists of descending 3 peaks and bottoms
Confirming the downtrend.

From $8500, we can see buying pressure up
Three candle stick with long lower shadow (H4)
Candles indicate a support from below or buying up from $8600-$8800

CONSIDER:
BTCUSDT will have another rally up
DO NOT BUY bottom
IT IS very dangerous to buy because it is against the trend (DOWN TREND)

PATTERN
We can see a bearish flag (H4)
It is again a sign of downtrend will continue.
Can see a gentle move up of the price
Then it was dumped like a waterfall.
Look at last wave foot, it is now the resistance $9100

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Keep this chart for Day 2
Wait to sell from $9100 or $9450 if there is a nice down setup
Sell ​​when price hits resistance and forms a down setup
Can also sell when price breaks the flag (H4).