mhfcrypto

BTC : Who ordered the Bear-Flag?

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
I think we were all hoping that $7800 was the short-term floor yesterday, but then Bears showed up again in numbers.

$7650 is now proving so be some resistance; but we need to get back over $7900 in the short-term, otherwise, I think Bulls will lose confidence some more.

We can't ignore the Bear-Flag forming on the Chart either :-(

I won't be doing much trading until there's a clear trend in the short-term.

Trade carefully!

Comment: Bear-Flag was valid.

BTC had a Bull Fake-out to just over $8700 and then soon fell off a cliff to $8280!

See you at $7000...then we'll re-assess then :-)

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