BTC bear flag
BTC has now broken below the trendline, forming a bear flag.
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In the daily chart on the right, it can be seen that a bear flag pattern was also formed before, and it came to a consolidation near the support range after falling below. Then fell to the target price of 17741.72.
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The bear flag this time may also look like this:
It fell below, stepped back on the trend line, continued to descend to the support range (14646.25~15487.43), and consolidated.
We can pay attention to the shape of the consolidation and the direction after the consolidation is complete.
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The bear flag meets the price at 9920.33.
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In the daily chart on the right, it can be seen that a bear flag pattern was also formed before, and it came to a consolidation near the support range after falling below. Then fell to the target price of 17741.72.
-
The bear flag this time may also look like this:
It fell below, stepped back on the trend line, continued to descend to the support range (14646.25~15487.43), and consolidated.
We can pay attention to the shape of the consolidation and the direction after the consolidation is complete.
-
The bear flag meets the price at 9920.33.
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