Bear flag still in play

22 Ağu 2018

BTCUSD

I keep it simple and mostly play with horizontal supports and resistances.

This recent pump didn't produced the short squeeze everyone expected.
We have a almost certain ETF denial coming tomorrow, even though a lot of people think the news is already priced in, I'll keep a close look to the price action, we are still in a bear market and *bad* news, even expected, have a greater impact.

The big bear flag is still in play, I expect another test of 6800 before the flag break down.

I'll be happy to discuss this or another idea, thank you