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TyemirJibge
Mar 12, 2018 9:18 AM

BTC - A bull flag inside a bear flag  Short

Bitcoin / DollarBitfinex

Description

Looking at the four hour BITFINEX:BTCUSD chart, we see that BTC remains inside of a bear flag consolidation. It tries to surpass the upward trendline, but it's done so in the form of a bear flag. If it breaks the bull flag, I believe bear flag will be invalid and BTC will manage to remain its strength on the trendline. Double dip formation also supports the bull flag.

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