BTC formed bear flag and may drop soon
Updated
BTC formed a 2 layered bear flag and currently resting on the lower layer. Next big move will be to sub 6k. Before that, it may test the upper layer, 6.6k.
Trade closed: target reached
Bear flag broke down as expected but hit to a heavy resistance at 6.2k. It may still go for sub 6k but it is no longer a low risk trade for me, so I closed at $6175 with profit.
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