Bitcoin Bear-Flag Signal: Prepare For Dump!

2024年7月12日

After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July.

In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks.

This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.

2024年7月14日

註釋

Entry hit

2024年7月15日

註釋

SL hit. Was a risky bet.