Bearish Flag Pattern (WATCH OUT!!!!)
After the crash of black Thursday there was no structure in the charts of BTC. After a week I look at the chart of BTC and I see a Bearish Flag Pattern. Some qualifications of a Bearish Flag Pattern are:
* Bearish Flag Pattern is indentified in a down trend
* Bearish Flag Pattern is forming after a big pullback ---> Thursday 12th of March
* BTC is moving near a Moving Average ---> BTC is currently moving near the 200MA
If this plays out and BTC is breaking the support of $5600 than there is a big chance we are going much lower. The pullback on Black Thursday was app. $3000, I personally think that the bottom will be set ($5600-$3000) between $2000 and 3000...IF the stockmarkets will fall back one more time next week.
What do you think guys?
* Bearish Flag Pattern is indentified in a down trend
* Bearish Flag Pattern is forming after a big pullback ---> Thursday 12th of March
* BTC is moving near a Moving Average ---> BTC is currently moving near the 200MA
If this plays out and BTC is breaking the support of $5600 than there is a big chance we are going much lower. The pullback on Black Thursday was app. $3000, I personally think that the bottom will be set ($5600-$3000) between $2000 and 3000...IF the stockmarkets will fall back one more time next week.
What do you think guys?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.