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TWIMARKETCAP
May 7, 2018 12:46 AM

Bitcoin possible forming a BEAR FLAG 

Bitcoin / DollarBitfinex

Description

After almost reaching 10k ($9980) today bitcoin dropped to $9409, now sitting at ($9598) it seems that is currently forming a bear flag, the volume is also diminishing. If this bear flag breaks down it can send btc to the range of $9100 - $9200

So, keep an eye

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Trade closed: target reached

Target reached, I just published another idea check it out here:
Comments
tiid
good view
TWIMARKETCAP
@tiid, thanks for visiting :)
mhfcrypto
Correct.

But it’s also now oversold after weekend profit-taking; and it’s Sunday evening in the States, and 2am in London, etc...no wonder Volume isn’t huge :-)
TWIMARKETCAP
@mhfcrypto, thank you, you have your self very nice analysis, lets see what will happen in the next 5-6 weeks, a couple of more drops? then up slowly and steady? thanks for looking
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