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guirimarc
Mar 17, 2023 3:40 PM

Bitcoin massive bear flag formation - TARGET 9k-10k Short

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Description

Massive bear flag forming that predicts a target between 9k-10k in the following months.
Comments
moeserm
Mate, as soon as a few candles started closing outside of the channel, bear flag was invalidated. Looks a lot more like inverse head and shoulders, although the right shoulder may need to be developed a little more between 18K and 21K. The sheer volume coming in after the FTX collapse with the reduced price decline in comparison to the previous drop, tells me we’re in the process of bottoming, although the bullrun has not started. Wycoff accumulation, no markup, yet, look for a drop back down to 20 K or slightly below to shake out more weak hands before the markup phase begins
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