MichelMery
Short

Bitcoin bearish Flag

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Possible bearish flag formation, we could go up to 10.400 before 7 k level, when we break the uptrend channel of the flag next target 7.2-7.8 (length of the pole)
1st target 8100, rebound then we go to next target 7 k lvl
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AS WE R GOING UP U SHOULD GIVE LONG SIGNAL.NOT SHORT...
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@ghose12, not a buying signal, the target is bellow the current level not above, we don't know when is going to breakdown
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ghose12 Michelmery2004
@Michelmery2004, OK..I think as long as we r above 8.8k above the bullls willl fight and will take it to 10.5 or 11k ..then can be drop..as it havwe to complete the pattern up and down six times if bulls are strong it will complete the next leg up
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@ghose12, this is what i mean bro, i have noticed bearish and bullish flag usually break from the have of the flag, after posting this idea i noticed we where forming a small rising wedge inside of the flag, so we had 2 bearish signs
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