Still bearish
I am still bearish on XBTUSD as it is still forming lower lows and lower highs. Unless the price surpasses the pink line I will remain bearish. The yellow lines are all S/R lines. As you can see there are many others that I haven't included. It is very difficult to draw trend lines at the moment as the wicks are so crazy. If I was going to make a call on the shape, I would say it looks like a bear flag to me at the moment.
Happy trading!
Happy trading!
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