karlkrawall

BTC - Bear Flag forming that takes us to $6000?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Targets for the double top in white and the potential bear flag in blue would fall into fib levels.

This is actually too early to call it a bear flag and it's just ONE possibility that might invalidate soon!
Don't take this as financial advice, I'm just playing around.
Comment: Looks like a breakout of the bear flag. Next major targets may be around $8200 and then $7000-7200.
Trade active: Next major stop could be the target of the double bottom (white dotted line) at around $7200.

So far everything is going according to 'plan'.
Trade active: Double top target was reached. I have no idea at this point whether BTC will reach the blue bear flag target. I am on the sidelines watching until clearer signals are there.
Comment: This one is still active.
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