BTCUSD Inception day, 20-4-2020, Bear flag finally breaking out?
Bitcoin / U.S. dollarBitstamp
Description
⋅ Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
- Dashed lines; Possible forming patterns
- Solid lines; Confirmed patterns / Support or Resistance
- Dotted lines; Possible price-action trajectories / wave trend
- Lighten colors = Support | Darken colors = Resistance
Current Pattern Formation Level:
- Alpha pattern: Symmetrical Triangle -> Bullish Pennant
- Beta pattern: Descending Broadening Wedge
- Echo Pattern: Ascending Channel
Today's Note:
If candles keeps closing below the support. Then break out to the downside is inevitable, otherwise bearish continuation.
To be concluded...