Currently, 
BTCUSD the price prints a bearish flag on the 1H chart and a descending channel on the 4H chart. As long as Bitcoin is inside this descending channel, we have to stay bearish and trade with the trend until the end. This bear flag is also a problem because you would rather not see such patterns in a bull market in general. My next target is 72k, from here we could expect a bounce.
BTCUSD the price prints a bearish flag on the 1H chart and a descending channel on the 4H chart. As long as Bitcoin is inside this descending channel, we have to stay bearish and trade with the trend until the end. This bear flag is also a problem because you would rather not see such patterns in a bull market in general. My next target is 72k, from here we could expect a bounce.
Dara Golbon
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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.
Dara Golbon
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.