At the moment in this analysis, Bitcoin forming this bearish flag pattern in H1 timeframe. But Bitcoin it's appear that have issue to break up the EMA 200 around $43,400 USD. And that what Bitcoin show now it's signal that bears are taking control in Bitcoin price. I put a short in the price around $42,647 USD and SL to $43,600 USD and target to $41,000 USD.
I'm shorting Bitcoin now. I see that Bitcoin make the movement and cryptocurrencies depending 100% what Bitcoin do.
So guys, the previously analysis of Bitcoin about butterfly harmonic pattern will be cancelled as I check out in H1 and I have this perspective that we're going to short Bitcoin.
I'm shorting Bitcoin now. I see that Bitcoin make the movement and cryptocurrencies depending 100% what Bitcoin do.
So guys, the previously analysis of Bitcoin about butterfly harmonic pattern will be cancelled as I check out in H1 and I have this perspective that we're going to short Bitcoin.
Trade closed: target reached
We hit our target 41k. Congraluations, we get 4% of profit
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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.