mycotoxin

Big bear flag wants to take BTC down

POLONIEX:BTCUSDT   Bitcoin / Tether USD
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716 6
Note: if 67xx does not hold and 63x fails we are exiting a big bear flag and moving to 5k
Feb 06
Comment: There was too many red flags at the latest top.
a) we hit double top
b) we hit a resistance point
c) The Hourly counter hit a reversal 9
d) Two reversal candles at the top .

Lets hope 67xx and cousin 68xx can save the day.
Feb 06
Comment: its a fast fall to 63xx if we drop down past 67xx
Feb 07
Trade closed manually
Feb 07
Comment: Big Bear Flag was just waiting patiently to catch us off guard and now he has come out to play
Comment removed
mycotoxin picinova1977
@picinova1977, thanks
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Just throwing out some trader to trader talk-
I don't think that was a bear flag because of the increasing bull volume. Right?
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mycotoxin whoisthelorax
@whoisthelorax, Cheers , im not sure if the volume matters
https://speedtrader.com/how-to-trade-flag-patterns/
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It went the other way as usual... mixed signals
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What do you suggest the next sell target?
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LEt's hope not
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