BTC Bear Flag + Short Setups
BTC/USDT, 1h
Bearish
If BTC breaks lower, here are a couple altcoin shorts that I am keeping an eye on.
XLM:
ETH:
If BTC breaks lower, here are a couple altcoin shorts that I am keeping an eye on.
XLM:
ETH:
This one is going to be a faster, shorter post as I want to get it out before news releases.
There is some US news coming out in just a few minutes and this will move the market, so be prepared for that volatility.
But we need to look at the charts without the news bias, sentiment bias, etc. And currently BTC has still just shown a weak recovery over the last couple days, and at it’s most basic level it is just creating a bear flag on the downtrend. It has rejected off of the local resistance as well. Be prepared when the news releases as many altcoins are also showing a similar pattern (looking at ETH)