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AlanSantana
Sep 8, 2020 4:04 PM

Bitcoin Daily Bear Flag Short

BITFINEX:BTCUSD1D
Bitcoin / DollarBitfinex

Description

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Bitcoin (BTCUSD) on the daily timeframe is still looking bearish.

The classic bearish flag is now showing up as a pattern while prices remain trading below EMA100.

  • If a bounce happens resistance is likely to be faced at EMA50 ($10935).

  • If prices break lower we have support all across the 9ks.


Please hit LIKE to show your support and leave a comment with your charts, thoughts, and questions.

Namaste.
Trend AnalysisBeyond Technical AnalysisChart PatternsBitcoin (Cryptocurrency)BTCBTCUSDaltcoinscryptoCryptocurrencyalanmastersbitfinexbittrex
Comments
jlaranjeiro
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This isn´t a bear flag, wrong way, right???
Seleme
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that's definitely not a classic bear flag Alan.
Larhat
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A very WEAK BEAR FLAG!!!!!
dstruct
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LOOOOL

Clown.
Gunslinger2005
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@dstruct, nice followers. nice uploaded charts. nice ideas. nice reputation. Lets look at Alans now. Oh... it seems that you are just a waste of space troll who is underwater trading his last shackles and alan had been here for years and years and posted countless ideas across many assets and captured 1000 upon 1000s of % of gains. Delete yourself. this isn't twitter.
MasterPlayer
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@Gunslinger2005,
suck it newbie
Elle-javan
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My very basic question is
when the BTC is in bearish should we sell everything and keep USDT ?
I mean all your signals for other coins are still valid or no ?
acomputers
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@Elle-javan, good observation!
Alqasim
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@Elle-javan, i would be looking at swapping to alt coins that will hold /BTC or have room to grow.
end of the day, choose your R/R.

thanks
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