BTC Lets keep it real 7-8% Short Bull pendant broken
Not financial advice.
If you agree like and follow.
We had a bull flag pendant setup that we are currently trading under as I highlighted that has to stay above 24200 on the 4 hr closes.
Each 4 hr that passes this number becomes slightly higher and higher.
This pattern will be invalidated if we get a 4 hr close above 24400
Until then bearish down to around 22k-22450
Equal move down as length on pendant
Always practice practice
#PIK
#TLAW
Think Like A Whale
If you agree like and follow.
We had a bull flag pendant setup that we are currently trading under as I highlighted that has to stay above 24200 on the 4 hr closes.
Each 4 hr that passes this number becomes slightly higher and higher.
This pattern will be invalidated if we get a 4 hr close above 24400
Until then bearish down to around 22k-22450
Equal move down as length on pendant
Always practice practice
#PIK
#TLAW
Think Like A Whale
Trade active
23300 is first area of interest to hold. Need a 4 hour close above 24400 to invalidate this theory.
If we lose 23300 then
22k-22500 is our value area currently.
This is a very small analysis and not a big picture of market but a short term trade.
Trade closed: target reached
Targets 1 and 2 reachedA 8% short couldn't break 24400
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.