Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is continuously pumping from the $18.5k level and currently trading above the $21.6k level. After posting this chart many of you guys don't like this but as a trader, we have to be aware of every possible scenario and I'm just sharing my idea here.
According to this 2D time frame chart, BTC breaks down the bear flag and this whole pump looks like a retest to this bear flag. If this was a retest then we see a dump soon. On the 13th of September CPI data will release so I'm expecting a dump on that day and before that, on weekend we might see some more bullish scenarios for trapping more and more longs.
Just be cautious here and wait for the weekly close is much better here IMO.
Invalidation:- If this 2D candle closes inside the flag (Above the $22.2k level) then this bearish scenario will be invalidated.
What do you think about this guys?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. BTC is continuously pumping from the $18.5k level and currently trading above the $21.6k level. After posting this chart many of you guys don't like this but as a trader, we have to be aware of every possible scenario and I'm just sharing my idea here.
According to this 2D time frame chart, BTC breaks down the bear flag and this whole pump looks like a retest to this bear flag. If this was a retest then we see a dump soon. On the 13th of September CPI data will release so I'm expecting a dump on that day and before that, on weekend we might see some more bullish scenarios for trapping more and more longs.
Just be cautious here and wait for the weekly close is much better here IMO.
Invalidation:- If this 2D candle closes inside the flag (Above the $22.2k level) then this bearish scenario will be invalidated.
What do you think about this guys?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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