BlackBirdTrading

BTCUSDT where we headed

שורט
BlackBirdTrading מעודכן   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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.
הערה:
It looks like we will hit the capitulation sooner than expected...
הערה:
Price squeezing hard and powell speech enough to fuel it

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