Little correction of the recent drastic drop the past couple of days. Still going up in this ascending channel and retesting the bottom of the support line and the 50 hour moving average. Needs some up movements to stay alive or we will retest the blue line again with the rist of falling trough.
This weekend will be critical for bitcoin to make decisions to go below 6K or to see some more correction to the upside.
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Made a bearflag. Chances are high it will break down but we've seen many cases where a bear or bull flag did the opposite.
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Two bearisch formations. One is the bear-flag (blue line with red line). Second one is the descending triangle (yellow line with blue line). Both signaling it will go down.
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We've tested the blue line for many times but we haven't managed to break out (yet...?)