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Nocturne83
Apr 12, 2018 8:37 AM

BTC/USD - Major bearflag in the making? Short

Bitcoin / DollarBitfinex

Description

I see a lot of people posting BTC charts that are bullish and think it's scary when we're in a clear down-trend. Be careful people! We have a potential major bearflag in the making, and if we break down from this triangle here at 6.4k, we could drop as low as 3.5k. This is not to FUD or scare people but please see all possibilities before you take action!

Comment

Somehow the price-range got screwed up, but measured move for the flag is 3.5k, not 3.190 as it says there.
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