EwanCrypto

BTC Bear Flag

Short
BNC:BLX   Bitcoin Liquid Index
Bitcoin has been slowly climbing higher on the H4 after the most recent move down. However, the RSI has been climbing higher at a faster pace, this looks similar to the bear flag that in May/June of this year. I'm expecting it to stay in the range until at least the start of next week before a further move down towards the low 20s and high teens.
Will be looking for confirmation on the shorter TFs before entering.

Disclaimer

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.