BTC bear flag is in action! Will rise towards the strong downtrend resistance line (White), then fall back down to major support levels at 6690, which is incidentally also where the 500 EMA and Gann line is at so hoping for a strong rebound there. Get your shorts ready!
Note
BTC downwards trend could still fall to the next hard support of 6100-6200 and then rebound upwards. Suspecting two paths on how it could play out but we would need some time to see where it catches support. If you're still shorting; think about when to close the short and a soon buy in for long.
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.