bluesuit

Bear flag Bitcoin

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bear flag on BTC . Target is based on length of flagpole. 5200 ish .

Comments

So we are still bearish for now. We did retrace back up to touch the daily 8em before resuming back down but we've experienced a lot of chop. I expect test the lows of the current range and 6k. I'm still planning for 5200 ish target. If this does not test 6k then look for a bullish move back to 7500 to even 8k on a fib retrace from recent highs.
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Price may test the underside of the flag break around 6300 first, then fall to target.
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Think I called this one pretty well so far. Let's see if it works out. I think my target should be around 5300 instead of 5200 but around that number.
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