jibo16

BTC BEARISH PATTERN

BINANCE:BTCUSDT   Bitcoin / TetherUS
btc has been forming a bearish flag however due to the important support that has been holding the price stable we still have to see if this pattern will be confirmed, if it is confirmed then we could see a price downward movement to 41275 ~ 40550, however this needs to be confirmed first to see what could be the next price movement, The macd convergence is showing us that we are facing an accumulation facet but is yet too soon to know whether we will be going to a bearish or bullish market.

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.