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Bitcoin
Short

BTCUSD

By prezesfns
on weekly time frame, I am still considering we are on bearish trendline - major trendline support - broken back to the week on 17th of January, BTC still struggling to got back above this trendline 47.5 / 48.5k area with confirmed candle closed above. Also looks like perfect example of BEAR FLAG forming recently. Looking also from combination of Elliot waves patent (1/2/3/4/5 - bullish back to MARCH 2020 till MARCH 2021) then ABC correction / potentially final leg down to complete C wave.
Bearish FlagBitcoin (Cryptocurrency)BTCUSDChart PatternsdowntrendelliottwaveprojectionTechnical IndicatorsshortTrend Analysis
prezesfns

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