BitcoinShort
Bitcoin Bear Flag
Bear flag on 4h chart. If bitcoin's price falls below 18600$ then there is 75% probability to continue dumping at lower levels. One target is 15.000$
A more catastrophic scenario would be at 12.500$
Normally a flag heads to the direction of the initial breakout, but since there are many fakeouts in crypto markets, I expect a first a pump at ~22k so more longs can be liquidated. Then a dump that could be time developed in the cross of the flag's lines.
A more catastrophic scenario would be at 12.500$
Normally a flag heads to the direction of the initial breakout, but since there are many fakeouts in crypto markets, I expect a first a pump at ~22k so more longs can be liquidated. Then a dump that could be time developed in the cross of the flag's lines.
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