Hello Birdies,

Lets analyze BTC once again. @VincePrince just posted same flag while I was writing this 🙂

Chart:

• BTC making a huge bear flag
• We plotted 3 resistance which is in play (which can you help scalp the BTC )
  2 resistance are from ATH of May and Nov
• 1 is a local resistance.
• Trend based Fib time

Analysis:

• Price is squeezing between bear flag bottom and local resistance
• We may see a bounce and if it hold support @ 41, 500
• Start bull trap which will end at Nov ATH around 43 000 to 44, 000
• Go short start of capitulation
• Expected time for all of this is plotted using Trend based Fib Time it says 11 Days.