Bitcoin to $46k - Bear flag

1 wrz 2024

** Short term analysis **

A bear flag print will confirm by Thursday 5th of September should price action fail to regain market structure support.

The target is 46k..

Remind me in the comments below by Thursday close to check structure!

Is it possible price action recovers structure? Sure.
Is it probable? Not on this time frame.

Ww

6 wrz 2024

Zlecenie aktywne

Sell today..
Or become a bag holder tomorrow..

23 wrz 2024

Transakcja zakończona: osiągnięto poziom stop

Price action needed to close above 59.5k for 4 days on this time frame of the original chart to void the idea.This is now confirmed, the 2 day bear flag is now void.

Sorry bears. Better luck next time.

23 wrz 2024

Uwaga

PS: 68.5k is the next resistance.

1 paź 2024

Uwaga

Maybe the resistance level was 66.6k !!

Selling it all before it goes to 0 seems to be the modus operandi.

For those of you who don't know, this is a capitulation and a buying opportunity.

3 paź 2024

Uwaga

Looks like a visit to 57-58k is next up on the sellers menu:

11 paź 2024

Uwaga

A visit to 58k occurred if not briefly, what next?

I know what I see, a rising wedge with breakdown confirmation. A forecast to 52K is indicated.