btc getting short with bearish flag pattern
We’ve just identified a bearish flag pattern in the Bitcoin chart, signaling a potential continuation of the downtrend. The pattern began with a sharp downward move, forming the flagpole, followed by a period of consolidation, where the price moved sideways in a tight, upward-sloping range, creating the flag.
The pattern is now confirmed, as the price has broken below the lower trendline of the flag, accompanied by a noticeable increase in selling volume. This confirms a bearish continuation, which typically leads to further downward momentum.
Target Projection: Based on the size of the flagpole, the projected target for this move is around [insert price target], suggesting the possibility of further price declines in the short term. As always, proper risk management and careful observation of market conditions are essential.
The pattern is now confirmed, as the price has broken below the lower trendline of the flag, accompanied by a noticeable increase in selling volume. This confirms a bearish continuation, which typically leads to further downward momentum.
Target Projection: Based on the size of the flagpole, the projected target for this move is around [insert price target], suggesting the possibility of further price declines in the short term. As always, proper risk management and careful observation of market conditions are essential.
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