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TheChartGuys
May 14, 2018 11:06 AM

BTC Potential Daily Bear Flag 

Bitcoin / United States DollarCoinbase

Description

With the start of Consensus today, many are expecting bullish action during the event.
Currently we are still seeing bears strong with the flush last night.
Bulls held the low of the dump, and are trying to form a higher low to recover.
Potential for a 15 min bear flag this morning and we have to be cautious of how much faster bears make their move than the bulls.
If we drop to lower lows the bears will still have complete control and it will be the most bearish setup during Consensus in a few years.
Bulls need an hourly higher low and higher high to change the trend back in favor of the bulls trying to recover.
Loss of 15 min higher lows will increase odds that it is another bear flag.
Currently all cash and waiting for a clear setup.
Comments
eljimberino
looks like the bulls didn't get your memo
drax14
Damn 3mins since you post it and already 101 views... Good work .. quick scalps all day long, its hard work whilst juggling life.
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