Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dragonvslinux
on 16/01/2023, 21:38:46 UTC
Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.

If we go back down to $15.5K, you can expect much lower than that though.