Bitcoin / TetherUSShort
Bitcoin to breakout from a bearish flag
The second flag formed since June 14th seems to be reaching its end anytime soon, as #BTC struggles to exceed the flag's 50% level.
If it fails to reach the upper boundary, the odds will favor a downside breakout within July, driving #Bitcoin to the 10k area.
Another possibility is as follows : If Bitcoin finishes July inside the flag and reaches its upper boundary, the flag could become neutralized, creating a small probability of a big unexpected upside move.
If it fails to reach the upper boundary, the odds will favor a downside breakout within July, driving #Bitcoin to the 10k area.
Another possibility is as follows : If Bitcoin finishes July inside the flag and reaches its upper boundary, the flag could become neutralized, creating a small probability of a big unexpected upside move.
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