Bitcoin is still above the MA200 on the daily chart for now.
On the 4hr chart, bitcoin can't get past the MA200, and one big bearish flag has formed.
Expecting more drops to come and possible the 40k support to be tested within a week.
My trade setup:
BTC Short 10x
Entry: 46300
T1: 45300
T2: 44300
T3: 43300
T4: 42300
T5: 41300
Stop: 47300
On the 4hr chart, bitcoin can't get past the MA200, and one big bearish flag has formed.
Expecting more drops to come and possible the 40k support to be tested within a week.
My trade setup:
BTC Short 10x
Entry: 46300
T1: 45300
T2: 44300
T3: 43300
T4: 42300
T5: 41300
Stop: 47300
43% profit.
Trade stop moved to 4hr candle close above 46300