Bear Flag forming on BTC
Currently forming the pennant of a bear flag ranging between 6100 and 6400, no good news on the horizon, downtrend from 8400 still intact, expecting another drop once we meet resistance from the 8400 down fall. Pole length = $700, $6300 - 700 = $5600, everyone and their mother is expecting that price to be hit. Will close shorts slightly above.
A surprise approval of a BTC ETF would nullify this analysis, otherwise, expecting another drop within the next 2 days.
A surprise approval of a BTC ETF would nullify this analysis, otherwise, expecting another drop within the next 2 days.
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