detachedsop
Long

Why I'm Bearish On Bitcoin.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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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.

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