BitcoinUpdated BTC : Who ordered the Bear-Flag?
I think we were all hoping that $7800 was the short-term floor yesterday, but then Bears showed up again in numbers.
$7650 is now proving so be some resistance; but we need to get back over $7900 in the short-term, otherwise, I think Bulls will lose confidence some more.
We can't ignore the Bear-Flag forming on the Chart either :-(
I won't be doing much trading until there's a clear trend in the short-term.
Trade carefully!
$7650 is now proving so be some resistance; but we need to get back over $7900 in the short-term, otherwise, I think Bulls will lose confidence some more.
We can't ignore the Bear-Flag forming on the Chart either :-(
I won't be doing much trading until there's a clear trend in the short-term.
Trade carefully!
Note
Bear-Flag was valid. BTC had a Bull Fake-out to just over $8700 and then soon fell off a cliff to $8280!
See you at 7000...then we'll re-assess then :-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.