keep_it_simple
Short

Flag/Pennant. NEXT DROP COMMING WITHIN THE NEXT 3 HOURS!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Flag/pennant pattern as a continuation pattern.
Volume confirms.

Comments

better luck next time, it never happened
+3 Reply
@leokim, I was not precise in the time frame and apologize for that. But it happened.
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Been calling for a drop from the ascending triangle for a month now. In this chart I do an analysis on where the BTC bottom will be.

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@alexcph, Great analysis
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Yep, definitely a bear pennant. Bitcoin is gonna make some dirty brown fudge.
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I was thinking a 6k zone retest first then cont down.
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Jeff_Cryptopop cryptobiting
@cryptobiting, I was too because of what appears to be a bullish divergence on the RSI created from the drop. But when I see the volume slump since the fake out yesterday (which is entirely bearish) and the formation of a bear flag since, it looks like we may get that second impulse first. Hang on!!!
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Noooo we are heading to the moon...lmao. But seriously what is your downside target? Im thinking we are heading to the 4700-4800 in the near term.
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silmaril0875 FatherLiteBorn
@FatherLiteBorn, Tone Ways says $4950
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keep_it_simple silmaril0875
@silmaril0875, I would say around 5000 USDs. Thats the next significant support level.
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