$BTC potential bear flag break down!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

HaseebKhan_90

* Was in a down trend
* Has been in a potential bear flag from mid January 2022

* Despite it breaking down from the potential bear flag , there are multiple levels of support before it reaches its measured objective.
* Key level of support being around the $30k mark
* The trend line extending from Jan 24, 2022 may act as a confluence of support with $37.5k (circled area)

* Key areas of support to keep in mind if you’re planning on shorting:
* $37.5k
* $34.3k
* $30k

* A break below $30k may send BTC to its measured objective of ~15k.

You might be interested in …

Trading View May 18, 2022

Bitcoin bearish signal

Bitcoin bearish signal Bitcoin / TetherUS BINANCE:BTCUSDT Oniana The opportunity comes again. After taking profit at $27000, I continue to short 50%(500BTC) position at $29800. Take profit at $17264. NO buying power at this time. […]

Trading View April 11, 2022

BTCUSD BREAKDOWN IN PATTERNS

BTCUSD BREAKDOWN IN PATTERNS Bitcoin / U.S. dollar BITSTAMP:BTCUSD KaisMarket Overall we seen a head and shoulders reversal pattern which initially broke downwards. To complete this pattern we see a bear flag (continuation pattern) forming […]

Trading View June 1, 2022

Bitcoin Price is close to entering the undervalue area

Bitcoin Price is close to entering the undervalue area Bitcoin / U.S. dollar BITSTAMP:BTCUSD MJShahsavar based on the BPT oscillator, Bitcoin Price is close to entering the undervalue area. The BPT value is 0.42 now. […]