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May 30, 2021 12:55 PM

Bitcoin Bear Flag!  Short

Bitcoin / TetherUSBinance

Description

BTCUSD broke below the 200MA finding support at previous levels of structure. Price action seems to be consolidating in this bear flag with the rejection of the 200MA (Orange Line).
Short-term more choppy compression.
A tough scenario for Bitcoin at the moment folks.
Comments
Me26gs72
Indeed. That kind of flag in downtrend means bear flag
Trade-Pal
@Me26gs72 unfortunately, yes. Good bounce from other cryptos. #eth, #ltc & #xrp ☺️
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