BTC/USDT-->INVERTED POLE & FLAG BREAKDOWN

Apr 18, 2022

BTCUSDTPERP

TECHNICAL ANALYSIS
--> BTC/USDT had made a impulsive downmove earlier and was consolidating in a Inverted Flag Pattern since 3 months.
--> BTC/USDT has given a breakdown from a INVERTED POLE & FLAG Pattern.

Bitcoin Onchain Analysis
-->during the consolidatiion of BTC/USDT in a Inverted Flag Pattern since 3 months.
-->In this zone MPI, Miner's Inflow, SOAB(5-7yr,7-10yr,10y), Average Dormancy, CDD made huge peaks suggesting Long-Term-Hodlers booking Profits.
--> for a detailed analysis you can check it out on my portfolio by clicking the link in the comment box.
ENTRY
--> Take a postion when it gives 1 HR closing below 39100.

STOPLOSS
--> SL =42100

TARGET
--> Target 1 = 34100
Target 2 = 30100