BTC Bear flag formation
Hello everyone.
the bear flag is forming, we might have another drop to 42k level
reasons for that is Rsi Rising while the price is falling, macd consolidating to green zone with out price rise. (yellow line)
see white line for direction
what i think it is consolidation before another drop.
dont trade its risky now, wait for confirmations on charts, and clear break outs.
for now i think its 80% probability we will see 42k soon
in a long run and in daily time frame, hidden bullish divergence is forming, btc need to go down more for it to play out
range of consolidation roughly was 47000 - 45500 and getting smaller, break out either way will give an idea where it can go
not financial advice and do your own research
trade safe good luck
the bear flag is forming, we might have another drop to 42k level
reasons for that is Rsi Rising while the price is falling, macd consolidating to green zone with out price rise. (yellow line)
see white line for direction
what i think it is consolidation before another drop.
dont trade its risky now, wait for confirmations on charts, and clear break outs.
for now i think its 80% probability we will see 42k soon
in a long run and in daily time frame, hidden bullish divergence is forming, btc need to go down more for it to play out
range of consolidation roughly was 47000 - 45500 and getting smaller, break out either way will give an idea where it can go
not financial advice and do your own research
trade safe good luck
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