redtrapltr

Bitcoin Bear Flag Broke Down !!

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BITSTAMP:BTCUSD   Bitcoin
Bear flag in bitcoin broke down, now it is forming another bear flag near the support at 11 400 (yellow line), as i said i expect it to go down to at least 9500 before any continuation of a move up.


Indicators bearish, and the price still in the red cloud which could signify also a consolidation in this zone but generally it means that there is some pressure for the price to go downside.
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