Bitcoin Bear Flag THIS TIME?
Hey guys here posting a chart illustrating the potential longterm outlook for Bitcoin. As you can see ive made a bear flag which i believe will be playing out in the next 12-48 hrs, although it may happen sooner. I could easily see us having a fakeout to the ~9600 region and from there we can trap more longs to add liquidation to the move downwards. I am short with a target of around 
87XX region where i expect profit taking where will occur. I believe that if $9000 is to be broken we could see some significant and violent selling with stop losses triggering as well as liquidations. Good luck out there and Happy trading.
87XX region where i expect profit taking where will occur. I believe that if $9000 is to be broken we could see some significant and violent selling with stop losses triggering as well as liquidations. Good luck out there and Happy trading.
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