BitcoinShort
BTC Bear Flag and support zones
On the 4hr we are currently seeing a Bear flag form, which indicates a possible sell off on the horizon. I am currently watching for a bounce/reversal near the February low which also coincides directly on the bottom of the falling wedge. If the volume is insignifigant and the bounce is weak, I would expect a gradual sell off and continued dump to either support zone 1 or 2 before a reversal. I am hopefully that we will break the bearish channel in the next month.
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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.