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Eurocrem
Sep 18, 2018 5:40 PM

BTCUSD BEARFLAG 

Bitcoin / DollarBitfinex

Description

First Bear Flag broke below the channel...still valid, shows ~4.5-4.9k the bottom of the pole.

Second Bearflag being created, if the channel breaks, BTC is going to $5,387.3

Best of luck.

Trade closed: target reached

Done.
Comments
kklim
It'll form a rising widening wedge then drop
CryptoCowboy_212
What do you think of the Bull Flag forming as of now on the hourly chart?
Eurocrem
@CryptoCowboy_212, I think it's next step is to enter my green zone again and probably reach ~6650. It bounced off the bottom of the flag, so it would make sense to be short-term bullish. If it breaks above the pole that's being made, then yes, it should follow the same distance and eventually hit the top. Where, it will more likely than not, fall again.
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