BTCUSDT Analysis April 12, 2022

We've become Bearish on Bitcoin, BTC. Two SELL signals fired on Friday April 8, 2022. We've had a Bear Flag pattern forming over the past few months and it's finally triggered. The important Horizontal Support Line at ($40,700) is broken and it looks like we are going further down. Psychologically, we like that ($34,750) level as a bottom area. Technically, we like the ($29,450) level to get gobbled up very quick. We also never thought BTC would go below a price of $40,000 ever again! Not Financial Advice...Trade with Confidence and Control.