Bitcoin BEAR FLAG?
Updated
We've hit the top of my Bull Channel which looks to be providing quite a bit of resistance. It also looks like we have formed a bear flag in the process. I'd say the chances of us selling off here are much greater than breaking out. My first target would be the BLUE upward sloping trendline. Second target? Bottom of the Bull Channel (GREEN upward sloping trendline). We shall soon see how this plays out.
Happy trading folks!
Happy trading folks!
Trade closed: stop reached
Nope. Stopped out.
Stewdamus Trades -
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
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