BTC GOING TO 19.6K?

BTCUSDT

Well i have been observing the price action of btc. which isn't looking very great. i am afraid we could get decline from $21800.
if we did we will go below 19.5k.

we can also see a bearish flag pattern and falling wedge, there is huge Ichimoku cloud wall.

so the price action is not really looking great for now. i will be taking a short position from 22k from all the way to 19.5k. the stoploss would be around 22.4k.

lets see how it goes :)

Kommentera:

So as expected we finally break out of that ascending channel.

Correction: it's not a bear flag because of it's characteristics. now we need to wait for it to break 20600 if we successfully break that price we will hit our target :) happy trading :)

Kommentera:

Target hit perfectly as i said :)