jmaing
Short

Bitcoin Bearish Flag is Developing

KRAKEN:XBTUSD   XBTUSD
Bearish flag developing. Doesn't look like we're out of the woods yet with this long term drop. IF this pattern completes, we're looking at $6-7K.
Comment: Correction, looks like we'll stop at $6K. Also, looks like we broke out of the bearish flag.
Comment: $6.8K seems to the Target #1. Lowest would be $6K (Target #2). Reason for this change is that the pattern could also be a bearish ascending wedge.
Comment: We've reached Target #1. Play at your own risk going lower! #DYOR
Trade closed: target reached
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