BTC in a Bear Flag. Further Downside Incoming
BTC is in a bear flag as shown in the chart.
Flag patterns depict trend continuation and in the case of a bear flag - a downtrend continuation.
If the support line at $37k is broken, then the narrative is a completely bearish scenario.
$30k is the price in sight for the bears.
Keep a close eye as price trades in this flag.
Happy Trading!.
Flag patterns depict trend continuation and in the case of a bear flag - a downtrend continuation.
If the support line at $37k is broken, then the narrative is a completely bearish scenario.
$30k is the price in sight for the bears.
Keep a close eye as price trades in this flag.
Happy Trading!.
BTC obeyed without any second thought. Watch out for the price at $37k support level.
In fact, I called for a short on BTC since at $47,200 on my YouTube channel (SixtusGlobal) though I did not publish it here.
Do have profitable trades.
Don't forget to like, share and drop your comments.
Thank you!.