PolarHusk

BTC/USD (Short Term Downtrend?)

BITSTAMP:BTCUSD   Bitcoin
BTC/USD

-After the ascending triangle pattern broke out
-The price hits the 12k key resistance including the CME gap before 12k
-Bitcoin drops and now trading below the upward trendline of support
-This is not good in the short term
-We can also see a strong sell volume during the blow-off top
-The key area I'm watching right now is the 10.3k-10.1k range
-Only if BTC will continue dropping and confirm this mini bear flag
-Trade wisely, don't over leverage as the volatility is back

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