16/5 BTCUSDT Mid-Term
Bitcoin / TetherUS BINANCE:BTCUSDT
As mentioned in previous idea that we are hoping a strong bounce will be formed in 26K and back to 32k or even higher.
But since the last trend has been rejected.
So we can consider the large timeframe of Bear Flag is still valid that a 2nd round dumping will start soon.
As we can see the BTC has break the trendline and try to reach but failed.
we can see if BTC can get back on track then this position will not be valid. but else this suggestion will be made.
Trend: Bull Trend rejected
Position: Short Now <30K
SL: 30.4K
TP:
1/ 28.6K
2/ 26.9 – 26.6K (Previous Low)
3/ 24K (2.618 Fibo)
