BTCEUR - Bear Flag, Short Position (7.150 to 6.080 EUR, -14,56%)
Updated
BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%)
BTC comes out of a very marked flag of about 73 days.
The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days.
By performing the FIBONACCI tracing on the flag pole and reporting the values on the output FLAG PATTERN you can highlight the TARGET LEVELS of the SHORT POSITION in ENTRY and EXIT.
In the forecast, an imminent exit from the BTC BEAR FLAG is simulated at around 7,150 Eur.
1. Entry into SHORT at 7,150 EUR.
2. Monitoring of historical support at EUR 6,774.
3. Target 1 to 6.080 EUR ÷ Target 2 to 5.611 EUR.
The FIBONACCI tracing signals the target level around EUR 6,080 equal to - 14.56%. Also possible a second target at EUR 5.611 defined by the width of the FLAG POLE.
#surfthetrend #trendsurfer #gabrielestampa #bitcoinpredictions #bitcoinprevision #btceur #bearish #bitcoinbearish #shortposition #bitcoinshort #shortposition
BTC comes out of a very marked flag of about 73 days.
The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days.
By performing the FIBONACCI tracing on the flag pole and reporting the values on the output FLAG PATTERN you can highlight the TARGET LEVELS of the SHORT POSITION in ENTRY and EXIT.
In the forecast, an imminent exit from the BTC BEAR FLAG is simulated at around 7,150 Eur.
1. Entry into SHORT at 7,150 EUR.
2. Monitoring of historical support at EUR 6,774.
3. Target 1 to 6.080 EUR ÷ Target 2 to 5.611 EUR.
The FIBONACCI tracing signals the target level around EUR 6,080 equal to - 14.56%. Also possible a second target at EUR 5.611 defined by the width of the FLAG POLE.
#surfthetrend #trendsurfer #gabrielestampa #bitcoinpredictions #bitcoinprevision #btceur #bearish #bitcoinbearish #shortposition #bitcoinshort #shortposition
Trade active
Still within the bear flag. Possible bounce at 7,5k Euro in the next 4 days. 3 cycles with regular divergences on the same periods. Now enter into the 4°cycle. Trade active
Today BTC broke the dynamic support, I had thought of a reboot but it didn't happen.Trade active
Regular divergence on time frame 45m. Slight price correctionNote
The signal was correct.Trade active
Intraday Trading:When the BTC price chart, examined in medium-long TIME FRAMES, remains below the average, it indicates a downward trend. You can try examining the EMA 200 on the overall bitcoin price chart to find the 4 main events. The last of the four main events took place on September 24th. For me, the downward trend remains confirmed and then this is only a price correction.
Review the correction:
1. In the RSI, 14, graphic there is a bullish divergence.
2. After a few hours, the bullish phase begins.
3. The price chart outperforms the dynamic resistance but fails until the 2H time frame exceeds the EMA 200.
4. The price chart goes down again.
The general picture seems to remain confirmed and perhaps this is the re-entry that I expected at an earlier stage.
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Begins to fall back into a downward phaseTrade active
Today it is present and I observe an inverse divergence in the time frame at 1H. Probable bullish signal. Following the conclusion of the Bearish Rectangle, failed at the first attempt. A new figure appears to be forming.Trade active
Ready to get back on the support. Continue the horizontal phase inside the rectangle.
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The forecast is correct. The price has fallen by 6%.
Now let's see the evolutions.
New updates soon.
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It will continue to fall very low, we already notice a regular bearish divergence already on the time frame at 45 min.Trade active
BTC EUR, It goes down a few more points.An opportunity for those who open in Short on Day Trading.
New hidden bearish divergence on the Time Frame at 45m. A sign that we are most likely close to a further drop of a few more points, it would also be in line with the decline in the Capitalization of BTC and the Trend.
We will see over the next few hours.
General analysis framework:
tradingview.com/.../rJYb60qO-BTCEUR-Bear-Flag-Sh.../
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