Bitcoin is trading sideways for 7 days straight, preparing for a big move.We are trading between 0.382 and 0.5 Fibonacci. We see that it also squeezed between 100 MA and 50 MA.
It's slightly tilt and trading upwards which makes this look like a classic Bear Flag.We might see a fake out to 0.236, but only to trap the bulls before continue its move downwards towards 0.786.
It's slightly tilt and trading upwards which makes this look like a classic Bear Flag.We might see a fake out to 0.236, but only to trap the bulls before continue its move downwards towards 0.786.