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RSibayan

Bitcoin - Bear Flag

Bitcoin (COINBASE:BTCUSD)  
RSibayan Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators
7
1
trendanalysis chartpattern indicator
Cheaper Bitcoins Available Soon If People Start Selling Their Bitcoins.

If this plays out, Bitcoin could drop to $29K

Trade with caution!


More Power To All Your Trades, My Friends!

Ron
Intrepid_Trader
Comment:
Comment:
If Bitcoin continues to move inside the channel and pass 50% of the height of the flag pole then it will invalidate the Bear Flag and price will push upwards.
Comment:
Bitcoin is range bound. Bear FLag is still valid.
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Comment:
$29K Target
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Comment:
Bitcoin falling. First line of support is at $32,150, at the previous resistance trend line of the falling wedge.
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Comment:
MACD and RSI have Bullish Divergences, but will the trend lines hold as support?
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Comment:
Bitcoin arrived at the Golden Pocket. Will this reverse from here?
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Comment:
Green candle on 3 Hour Chart. 2nd green candle will confirm the bounce from support. Price will continue going up.
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Comment:
Confirmed support from the support (previous resistance of falling wedge).
Time to push higher.
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