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Long

Possible Bull Flag

BTCE:BTCUSD   Bitcoin / Dollar
331 2 0
Update: This flag failed to happen yesterday, it would be a dead indicator in the real world today. These kinds of failure could indicate a top forming.

A potential bull flag will have to come to fruition in the next few days if it is a real indicator.

At least beyond four weeks in the real world is when a potential bull flag becomes invalid.

Decreasing volume gives a strong indication of potential breakout soon and bearish direction of flag indicates upward direction of breakout to continue long term bull market.

Target gains up to 28% to match pole if true bull flag .
I wouldn't say I was right, although it is typical for there to be a drop before an upwards breakout with this kind of trend. The rebound ends up having enough support to break resistance. Although this indicator has been running too long for it to be a flag IMO.
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Looks like your prediction was right. The price did drop.
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