Not out of the woods yet.. we need to be over a red ichimoku cloud to show us real support for upward movement. Green clouds are weak support and we may fall through. Notice we just landed on the very small red cloud and held up? We need more red below us!
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BTC Bearish Flags, target $10,500
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Still can't break this big yellow flag but give us 2 more days and we might just do it.
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Looks like a fake out.. no go.. I still don't see it dropping to 8k yet, but I was expecting $10,500 tonight. We're just under 11k, so it could hit that target.
Doubt it. $7500 to 8k incoming. We need to fill in the chart so we can make a strong bounce back to ATH.
ifrpilot
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karumba
SatoshiKnows11
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@tin.Foil break the yellow flag, huh... meaning go up? you just posted 5 min ago saying bearish and down. Please help us understand, or at least me :)
AussieCrypto1
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@CryptoBling99, My understanding: The bearish call is for short term meaning in the next 12-24hrs he predicts down to 10500. The latest update shows that he still thinks the inverted H&S target could hit but only after this short term drop to $10500.
Tin.Foil
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Not out of the woods yet.. we need to be over a red ichimoku cloud to show us real support for upward movement. Green clouds are weak support and we may fall through. Notice we just landed on the very small red cloud and held up? We need more red below us!