Bitcoin Analyze (Bearish 🏴Flag🏴 Pattern, 10/06/2022)!!!

Bitcoin seems to have made a bearish flag pattern in a month.

The flag pole was created with a strong move down.

The shape of the flag is an ascending channel or rectangle.

Bitcoin is currently creating a twin ceiling pattern near the resistance lines and resistance zone, and if this pattern works, we can expect Bitcoin to break the bottom line of the ascending channel, and the flag pattern will work.

I tried to draw two scenarios for the bearish flag on the chart, and if the double-top pattern is not completed, we can expect Bitcoin to start going down after hitting the resistance lines.

Bitcoin Analyze ( BTCUSDT ), Timeframe 4H⏰.

Do not forget to put Stop loss for your positions (For every position that you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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✅Running well✅

评论:

Double top pattern is working