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Bitcoin Daily Bear Flag πŸ‡¬πŸ‡§

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) on the daily timeframe is still looking bearish .

The classic bearish flag is now showing up as a pattern while prices remain trading below EMA100.

  • If a bounce happens resistance is likely to be faced at EMA50 ($10935).

  • If prices break lower we have support all across the $9ks.

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Comments

demand decrese, obvious price drop imo
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