11/5 BTCUSDT – Short to Long term

Bitcoin / TetherUS BINANCE:BTCUSDT

CHRIS_Crypt

Currently BTC supported at 30k. but we can see it is forming Bear Flag in 1Hr Chart.

we can see another round of dropping in the future. but recently we can see the BTC is moving in range between 32.5k – 30k.
Once It break out 33.6k we shall see a long term reversal from the bottom.

Position: Short at 32.1K
CL: 33.6K
TP:
1. 30K
2. 28K
3. 26K

We may see it drop lower than 26k but I would suggest to observe and wait til the bottom was formed

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