With the bear flag officially over and a minor breakdown as the result, things are starting to look really good for the bulls once again in BTC.
Price action is moving sideways while it steadily recovers and consolidates above 8000USD.
We are now long out of my previous chart's descending channel, and have just popped through sideways out of the purple descending...
Good morning ladies, gents, and all non-binary peoples.
As you can see this morning we are still continuing on with the bear flag continuation from the last few days. The bulls put in a whole lot of work yesterday but just could not break the now converging resistance-trend lines.
To their credit they were pretty close, smashing the 200SMA and briefly breaking...
If you've been paying close attention to the charts at all (and no, not in 15 minute), then I'm sure yesterday you already noticed the bear flag that is solidifying.
Hopefully some of you were even able to make a nice short play yesterday and increase your stack, as I did.
For those of you that missed out because of Binance.. well, sorry for your luck, but here's...
*** Don't take my word for it, I'm just a rookie who studies a hella lot***
First post so a little bio:
I've been following crypto for about 10 months now with only a small investment while I studied and learned more about the markets. I have dedicated several hours every day to learning various crypto projects, future outlooks, and of course, analysis....
