Bear flag in bitcoin broke down, now it is forming another bear flag near the support at 11 400 (yellow line), as i said i expect it to go down to at least 9500 before any continuation of a move up.
Indicators bearish, and the price still in the red cloud which could signify also a consolidation in this zone but generally it means that there is some pressure for the price to go downside.
Indicators bearish, and the price still in the red cloud which could signify also a consolidation in this zone but generally it means that there is some pressure for the price to go downside.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.