Bitcoin / TetherUSShort
Bitcoin is Ready to Fall by Flag Pattern!!!
Updated
Bitcoin(BTCUSDT) managed to break the 50_SMA(Daily) in the past days, and this could be a sign for a further fall of Bitcoin.
Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is breaking the Support lines.
In terms of Classic Technical Analysis, the Bearish Flag Pattern can cause Bitcoin to fall further.
I expect Bitcoin to drop towards $91,000 minimum after breaking the Support line and a possible pullback, and if the Heavy Support zone($95,000-$90,870) is broken, we should expect more dumps.
⚠️Note: If Bitcoin breaks the Resistance lines, we can hope for a further increase in Bitcoin.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT) managed to break the 50_SMA(Daily) in the past days, and this could be a sign for a further fall of Bitcoin.Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is breaking the Support lines.
In terms of Classic Technical Analysis, the Bearish Flag Pattern can cause Bitcoin to fall further.
I expect Bitcoin to drop towards $91,000 minimum after breaking the Support line and a possible pullback, and if the Heavy Support zone($95,000-$90,870) is broken, we should expect more dumps.
⚠️Note: If Bitcoin breaks the Resistance lines, we can hope for a further increase in Bitcoin.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
✅Yesterday, Bearish Flag Pattern's Target touched as I expected.✅
The possible movements of Bitcoin can be seen in the chart above in the 15-minute time frame. It's a bit of an emotional market, and be sure to pay more attention to capital management.
If the support zone($93,460-$93,000) breaks, we can expect Bitcoin to approach $90,000.
As long as Bitcoin does not go above 50_SMA(Daily), we can think about the short position.
Cumulative Short Liquidation Leverage: $95,550-$94,900
Cumulative Long Liquidation Leverage: $91,780-$90,620
CME Gap: $93,485-$93,420 (Previous CME Gap was filled).
Trade active
My Short Position was activation near the 50_SMA(Daily).
Also, Regular Divergence(RD-) between Consecutive Peaks.
It seems wise to open a short position in this situation.
Bitcoin with the news "MicroStrategy Buys 209M in Bitcoin Before Year-End." increased again, but I don't think its effect is greater than this increase in the last few hours."
⚠️Above $96,920, we can expect a further increase in Bitcoin.
Trade closed: target reached
Full Target Done
Happy New Year==Best Wishes
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