BTC is forming a bear flag on the 4 hour / 1 hour Chart.
Decreased volume as the market continues in a slight upward channel, will provide confluence for the flag, by way of a bearish divergence:
Price up/Volume down
Approximated target from a breakdown in the next 24 hours is: 48400 - 48700.
SHORT near term trade
Decreased volume as the market continues in a slight upward channel, will provide confluence for the flag, by way of a bearish divergence:
Price up/Volume down
Approximated target from a breakdown in the next 24 hours is: 48400 - 48700.
SHORT near term trade
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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.
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.