BTC Bearish Flag Scenario/Prediction
Hi All,
As you can see, BTC is currently still inside this red flag-looking channel.
In the scenario where it breaks down, I am looking for a retest of the major logarithmic trendline at around 28k (seen in black), just below the support level at 29k.
This area would be a fantastic long term buy area with many convergences and an oversold RSI on the weekly.
Let's see.
MM :)
As you can see, BTC is currently still inside this red flag-looking channel.
In the scenario where it breaks down, I am looking for a retest of the major logarithmic trendline at around 28k (seen in black), just below the support level at 29k.
This area would be a fantastic long term buy area with many convergences and an oversold RSI on the weekly.
Let's see.
MM :)
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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.