Epic_economist

Btc inverse chart bull flag (extremely bearish)

Short
COINBASE:BTCUSD   Bitcoin
The inverse chart dispels bias and reveals the dark truth about what is really going on with the recent price action that has turned Bullish. Either this week or at the latest next week we are likely to see continuation of the breakout that has occured to the downside. This small pullback to the upside is expected after such a large breakout (to the downside) and the probability lies heavily in favour of continuation in the direction of a breakout as powerful as the one you see in this chart. What's even worse is the fact that there is no strong support until the 13.5k level. Btc went parabolic and did not establish significant support so the fall will be hard and quick to the 13.5k level.
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