Bitcoin has found resistance $10.740 twice and is expected to break down from this sharp bear flag pattern.
I expect Bitcoin to break down from this bear flag to the downside, retesting a level of either $10.560 or $10.480 before any more upside.
If the price breaks above $10.740 then I expect Bitcoin to retest downtrend line of lower highs located at $10.850.
I am looking to sell in the resistance area of sell the break of uptrend line of this flag.
Good luck with this trade!
Tibor
I expect Bitcoin to break down from this bear flag to the downside, retesting a level of either $10.560 or $10.480 before any more upside.
If the price breaks above $10.740 then I expect Bitcoin to retest downtrend line of lower highs located at $10.850.
I am looking to sell in the resistance area of sell the break of uptrend line of this flag.
Good luck with this trade!
Tibor
Trade closed: target reached:
Target reached!
