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OmiFX8
Sep 23, 2020 12:36 PM

Bitcoin: Bear flag breakdown on daily chart 

Bitcoin / U.S. dollarBitstamp

Description

BTC fell by over 4.5% on Monday, confirming a bear flag breakdown or a bearish continuation pattern on the daily chart.

Volumes spiked with the flag's pole declined during the formation of the flag and again picked up during breakdown. That's a classic bearish development.

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