Hey everyone, I just want to share what I think the next move for BTC
is. It's forming a bear flag
and it is approaching major resistance. The past two bear flags formed have resulted in bearish
movement and I expect to see it take the same route this time, as it is regularly failing to break 50 EMA
. It is also nearing the top of the downwards channel, which will act as major resistance. Volume
is also decreasing, so I expect a break out soon.
Thank you, all feedback is appreciated.