Price is forming a textbook bear flag following the sharp drop from ~108.8K.
The structure shows rising lows in a tight channel, typically a pause before further downside.
📉 Bear Flag Anatomy:
Breakdown support: ~104,000
Measured move target: 98,810
RSI: 49.94 — hovering just below neutral, watch for dip <40 for breakdown confirmation.
Volume: Still low — waiting for a spike to confirm supply pressure.
🧨 Trigger Conditions:
4H close below flag support
RSI < 40
Volume spike above 20-bar average (~1.96M)
🎯 Short Plan:
Entry: Rejection from the fib golden pocket or flag support breakdown
TP: 98,800 (pattern target, confluence with prior support)
🔍 If confirmed, this breakdown could mark the start of a Phase E markdown in Wyckoff terms.
💬 Let me know your thoughts below — are you shorting this flag or expecting a fakeout?
#BTC #Bitcoin #CryptoTrading #BearFlag #ShortSetup #Wyckoff #PriceAction #4HChart
The structure shows rising lows in a tight channel, typically a pause before further downside.
📉 Bear Flag Anatomy:
Breakdown support: ~104,000
Measured move target: 98,810
RSI: 49.94 — hovering just below neutral, watch for dip <40 for breakdown confirmation.
Volume: Still low — waiting for a spike to confirm supply pressure.
🧨 Trigger Conditions:
4H close below flag support
RSI < 40
Volume spike above 20-bar average (~1.96M)
🎯 Short Plan:
Entry: Rejection from the fib golden pocket or flag support breakdown
TP: 98,800 (pattern target, confluence with prior support)
🔍 If confirmed, this breakdown could mark the start of a Phase E markdown in Wyckoff terms.
💬 Let me know your thoughts below — are you shorting this flag or expecting a fakeout?
#BTC #Bitcoin #CryptoTrading #BearFlag #ShortSetup #Wyckoff #PriceAction #4HChart
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.