BTC Bear Flag - Continuation Down
BTC is still in a strong downtrend, with the most recent attempt at a reversal failing to gain steam. Price has created a small parallel channel up off the lows - a textbook Bearish Flag pattern.
Expect the see a break below the lower boundary of this channel for a bearish continuation.
A break below the swing low would be confirmation of continuation of the downtrend.
Still aiming for the big psychological level of 30k mentioned in previous ideas in the charts below - in a downtrend like this, these big round numbers tend to act like magnets. Remaining patient.
Expect the see a break below the lower boundary of this channel for a bearish continuation.
A break below the swing low would be confirmation of continuation of the downtrend.
Still aiming for the big psychological level of 30k mentioned in previous ideas in the charts below - in a downtrend like this, these big round numbers tend to act like magnets. Remaining patient.
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