Another bear flag on the Bitcoin chart. Strong downtrend
Dear fellow traders
This bear flag is textbook formation. It is potentially going to break down. (There will be pumps in between the upper trendline and lower trendline of the bear flag)
Short term target : 32k (Remember price never goes straight down)
Medium term target - 200 Week Moving Average - at 15631 currently
Zoom out when you are in doubt. Bitcoin is in downtrend.
This is not a financial advice. Do your own research.
This bear flag is textbook formation. It is potentially going to break down. (There will be pumps in between the upper trendline and lower trendline of the bear flag)
Short term target : 32k (Remember price never goes straight down)
Medium term target - 200 Week Moving Average - at 15631 currently
Zoom out when you are in doubt. Bitcoin is in downtrend.
This is not a financial advice. Do your own research.
Comment:
Bitcoin completed retest of the rising wedge. Potentially heading lower
