BTC/USD - Where will Bitcoin go in the SHORT-TERM? for COINBASE:BTCUSD by Monsi

trendanalysis chartpattern indicator bitcoin btc btcusd btcusdt btcusdshort monsi

Well folks, let's just get into it,
we see a clear bear flag building on the 4hourly-chart,
we got the 200-EMA as resistance AND the 100-EMA as support.
Furthermore the red line signals a clear past-resistance.
What do you guys think, will the 100-EMA give us support until it crosses the 200-EMA which could result in a breakout?
Or will the bear flag destroy our hopes once again?
Peace out!
Monsi

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.