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CatJules

BTCUSD(T) 1H Bearish flag formation with Decreasing Volume

Short
Bitcoin (BITSTAMP:BTCUSD)  
CatJules  
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Pennant Volume BTCUSD BTCUSDT Bitcoin (Cryptocurrency)
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supportandresistance pennant volumestudies btcusd btcusdt bitcoin
Hello!

After a recent flash crash Bitcoin formed a Bearish ascending pendant pattern indicating continuation of the crash. Volume also is diverging to the flag supporting the possibility, as the minor ascension does not show volume support to it.

The target is in the zone of 40k, which is current ascending support line in daily charts.

Good luck trading.
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