BTCUSD 4H - setting up for a drop to 6300 and beyond
Hi everyone,
Looking at the 4H chart BTC is currently at the top of a large bear flag. If you zoom in to the 1H you can see a rising wedge. There is also heavy resistance at 6500-6650 range. We will most likely drop to the 6300 range to the bottom of the flag. Then likely to continue to drop to test support at 5800 or once again test the top of the bear flag and then drop from there to 5800 support
Thanks for your attention. Feel free to share your thoughts.
Cheers
Looking at the 4H chart BTC is currently at the top of a large bear flag. If you zoom in to the 1H you can see a rising wedge. There is also heavy resistance at 6500-6650 range. We will most likely drop to the 6300 range to the bottom of the flag. Then likely to continue to drop to test support at 5800 or once again test the top of the bear flag and then drop from there to 5800 support
Thanks for your attention. Feel free to share your thoughts.
Cheers
