Bitcoin fomring in H4 timeframe a bearish channel flag. But, I note that Bitcoin hit a supply zone between $37,500 and $38,000 USD approx.
Bears are taking the control in this downtrend.
Also, I share in my H1 timeframe where I found out a bearish armonic pattern called BAT. The measure are setup in my Fibonacci for Armonics that I have personal. But that it's sell in H4 and H1 it's becoming more bearish. Now, in Daily timeframe, it's important to analyze it when the candlestick closed up today.
I'm in short position from $37,500 USD approx. My SL at $39,200 USD. And my target toward 32k.
Bears are taking the control in this downtrend.
Also, I share in my H1 timeframe where I found out a bearish armonic pattern called BAT. The measure are setup in my Fibonacci for Armonics that I have personal. But that it's sell in H4 and H1 it's becoming more bearish. Now, in Daily timeframe, it's important to analyze it when the candlestick closed up today.
I'm in short position from $37,500 USD approx. My SL at $39,200 USD. And my target toward 32k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.