Inverted chart - BTC bear flag?
Greetings traders!
Using inverted charts can be useful to avoid being too biased, and see things from a different prospective.
There's many bears out there that refuse to see a possible BTC bull flag/bullish consolidation.
I bet they won't hesitate to call this a bear flag ready to continue down.
There is a strong horizontal level being retested from beneath, and the price seems to be rejecting.
There is no major higher high, and the price is still capped below the trendline.
Everything points to bearish continuation.
Back to regular chart, it goes without saying, if BTC breaks that trendline and makes new lower low, it would be very, very bearish. For real.
Good luck everyone!
Using inverted charts can be useful to avoid being too biased, and see things from a different prospective.
There's many bears out there that refuse to see a possible BTC bull flag/bullish consolidation.
I bet they won't hesitate to call this a bear flag ready to continue down.
There is a strong horizontal level being retested from beneath, and the price seems to be rejecting.
There is no major higher high, and the price is still capped below the trendline.
Everything points to bearish continuation.
Back to regular chart, it goes without saying, if BTC breaks that trendline and makes new lower low, it would be very, very bearish. For real.
Good luck everyone!
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