BTCookieMonster

BTC bear flag 4Hour

Short
COINBASE:BTCUSD   Bitcoin
BTC , still in a downtrend, has formed an obvious Bear Flag. Well below the Ichimoku clouds, it will take a lot of volume to turn BTC around. While it is holding support here at the 0.618 it will not for long having bounced off it too many times with out being able to get through resistance at the 0.886. Be prepared to see 10200 and then 9800...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.