BTC/USDT (Weekly Bear Flag Done?)

💎Technical Analysis Summary💎


BTC/USDT


-It looks like the Bears have won the consolidation range
-The potential bear flag is likely confirmed with 2 days left before the candle closes
-Before this breakdown, we saw many bearish price actions or signs of weakness
-The price created a new lower low breaking below 42k dollars
-The market is currently in a downtrend move but approaching the weekly key area
-This is where resistance flip into support last September 2021
-If the bull has another potential chance to enter the market
-The zone between 38k-40k dollars is a good spot to look for trend reversal
-But take note, this will not happen over the weekend, it will take up days or weeks
-Again, always be cautious as the market is not yet over for potential big move
-Please, use stop loss all the time to keep your losing trade small
-This is the only way to become profitable in the long term
-By keeping small losses and letting big win runs





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