Bitcoin - Bear Flag 1HR Still A Possibility
Updated
We wont know if we have a established bearish flag pattern on the 1HR until price breaks outside the lower flag channel. At that point, possible trades with stop losses above the upper flag will provide a low risk exit.
Low volume, Fibonacci Level $8000, StochRSI Currently oversold @ 80, are aligning to force prices down although the RSI and MACD have room to play and may prolong the flag pattern hence breaking down the formation.
BTC is seeing some tough times , so I should write this:
***Education Purposes only***
Low volume, Fibonacci Level $8000, StochRSI Currently oversold @ 80, are aligning to force prices down although the RSI and MACD have room to play and may prolong the flag pattern hence breaking down the formation.
BTC is seeing some tough times , so I should write this:
***Education Purposes only***
Note
Breakout above the upper channel which broke down the flag formation, Green stairs to heaven, its pushing up, up and away... good to see for BTC rising but still wary.Note
The "flag pole" was ugly but is completed $7760Trade closed: target reached
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