cryptojamey

BTC Update. Waiting for the breakout...

Short
BITFINEX:BTCUSD   Bitcoin
So we've got some ups and downs over the last couple of days. Yesterday we broke down and are now making a bear flag formation which has high chances it will break down. If it does, it will go to around 5400-5600 before finding support. From that point, there could be another big sell off to around 4800-5000 before going in an uptrend.

Also read up on my analysis why BTC is going to $5K before going back in an uptrend here

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