Bitcoin in a bear flag pattern?
Moves higher and lower recently without heavy volume forced me to adjust my chart a little. Sometimes you need to go to a longer time-frame to see the bigger picture because the shorter timeframes give false signals. I suspect that Bitcoin is still within a bear flag pattern with a few fake-outs higher and lower. Im looking for it to break lower in the next 2-3 days with heavy volume then continue down to around 11500. It has still not reached its target from breaking below the previous descending triangle pattern.
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