Hi All,
This is my first chart idea publish on tradingview. As time goes on, more of my own personal chart idea will be published in here.
But before we proceed, it's quite imperative to let you all know that all ideas are my own personal idea and chart analysis, and they should not be taken as any financial advice or investment guidelines. Thanks!
BTC is going to be consolidating for the next few minutes or hours in the white rectangle resistance (Green) and support (Red) trend lines, more of a bull trap is likely to happen. A break out of the support (Red) trend line at $8,020 will automatically confirm the "BEARISH FLAG PATTERN;" if Pattern gets confirmed, we might have a correction back to price range of $7500-$7650 as the case may be.
However, it is left for the BULLS to decide what will happen at the bearish flag pattern target price. If they show a good buy support, this might bring in a fresh buying volume for those that miss the last pump train. If not we may be in for another bearish price continuation.
If you have any comment or suggestion, please don't hesitate to share your thoughts.
This is my first chart idea publish on tradingview. As time goes on, more of my own personal chart idea will be published in here.
But before we proceed, it's quite imperative to let you all know that all ideas are my own personal idea and chart analysis, and they should not be taken as any financial advice or investment guidelines. Thanks!
BTC is going to be consolidating for the next few minutes or hours in the white rectangle resistance (Green) and support (Red) trend lines, more of a bull trap is likely to happen. A break out of the support (Red) trend line at $8,020 will automatically confirm the "BEARISH FLAG PATTERN;" if Pattern gets confirmed, we might have a correction back to price range of $7500-$7650 as the case may be.
However, it is left for the BULLS to decide what will happen at the bearish flag pattern target price. If they show a good buy support, this might bring in a fresh buying volume for those that miss the last pump train. If not we may be in for another bearish price continuation.
If you have any comment or suggestion, please don't hesitate to share your thoughts.