BTC where we headed

Apr 15, 2022

Hello Birdies,

Lets analyze BTC once again. VincePrince just posted same flag while I was writing this :)

Chart:

• BTC making a huge bear flag
  
• We plotted 3 resistance which is in play (which can you help scalp the BTC)
  
• 2 resistance are from ATH of May and Nov
  
• 1 is a local resistance.
  
• Trend based Fib time
  

Analysis:

• Price is squeezing between bear flag bottom and local resistance
  
• We may see a bounce and if it hold support @ 41, 500
  
• Start bull trap which will end at Nov ATH around 43 000 to 44, 000
  
• Go short start of capitulation
  
• Expected time for all of this is plotted using Trend based Fib Time it says 11 Days.
  

Apr 18, 2022

Note

It looks like we will hit the capitulation sooner than expected...

Apr 22, 2022

Note

Back into flag