BTC - Short
Bitcoin came dropped out of its bearish rising wedge pattern. To fulfill the pattern we will need to see price drop around 25% from the bottom of the wedge. This would have price finding support around 43K. The past two days after Sundays drop we have seen price consolidate forming a Bear Flag. If watch for confirmation around $53,300 as we should be able to place a short order for 7% gains. Remember to wait for confirmation and always have a stop loss placed responsibly.
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.