BTC/USDT (Sign of Weakness?)

💎Technical Analysis Summary💎


BTC/USDT


-It is not a good weekly candle close for Bitcoin
-As the price is back at the floor of the trading range
-Be careful because by looking at the price structure
-This can be a potential weekly bear flag and the target is around 38k dollars
-Since this is on the weekly time period, this can take days or weeks to materialize
-A lot of things may happen in the lower time frames like the daily, hourly, and minutes
-A bear flag is only confirmed once the base of support has failed with a candle body closed below
-Well, I like to see Bitcoin go up but this is what the price is telling us
-I'm only entering 1-2 trades with very low risk and short term moves due to the current condition
-Once again, be cautious and always use a stop loss is placed
-Good luck and let us all start a good trading business this year 2022



Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉


``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````