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It could be the last chance for BTC 🦬

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Hi everyone 👋🏽

🕊 Wish y'all have a profitable lifestyle 🍀

📌 BTCUSDT- Daily Time Frame - Candlesticks

📌 Bull Flag - Fractal - Support Resistance zone

📍So, BTC is playing around the 45k - 48k price zones lately and decisions are really hard to make at the moment. Therefore most of the traders have no clue in which direction price may go further.

📍I can see a possible bull flag here like the one we have seen at September this year.

📍 This bull flag is also combined with a three drive pattern which also can be seen here in the chart. Both scenarios are bullish for mid-long term

📍 There is also a bullish divergence in daily time frame in RSI which can make the price grow

BUT

📍 There are a couple of new scary bearish signs in sight, like:

1- HUGE monthly bearish divergence

2- Double Top in monthly time frame

3- Double Top in weekly time frame

4- Double Top in daily time frame

5- Close of the RSI below 50 level in weekly time frame

6- Daily ichimoku cloud

7- POSSIBLE Death cross in daily EMAs

8- Close of daily candles under the 200 EMA

👉🏼 Here is the RSI bearish divergence along with double top pattern which is really scary, and the scariest bearish sign that can reverse the price

📝 In conclusion, 40k-44k price zones is very important; once they are broken we have to worry for long and mid-term price reversal

📝 The next very important price zone is the 29k-32k; we can expect a very long wick to those levels once the 40k level is lost

👉🏼 Here is my bullish flag TA in 27. September which did not get enough attention and everyone was worried about the price reversal :)

📝 As a matter of fact this time I'm less bullish with all those bearish signs!

THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER

トレード稼働中

Some good bullish signs are seen in H:4 time frame

Double bottom

Price came out of the ichimoku cloud