BTCUSDT SHORT TERM SELL TRADE
Bitcoin have been in a correction phase after its bullish run and the market is looking to pullback into the 50fb area (50-48k) where this market might continue its second impulse leg.
But when you look carefully at the precious inner trend line the market consolidate before breaking out of the minor support area of 60k.
The trend seems forming same bearish flag pattern at the support area that now turn resistance we might see a breakout of this trend on Monday. A close of 4hrs bearish engulfing candlestick i will go short take profit at 50-48k. That zone seems solid and the trend seems to be respecting the outer trendline to form a point of confluence
But when you look carefully at the precious inner trend line the market consolidate before breaking out of the minor support area of 60k.
The trend seems forming same bearish flag pattern at the support area that now turn resistance we might see a breakout of this trend on Monday. A close of 4hrs bearish engulfing candlestick i will go short take profit at 50-48k. That zone seems solid and the trend seems to be respecting the outer trendline to form a point of confluence
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