Bitcoin Bear Flag THIS TIME?

28 ก.ค. 2019

Hey guys here posting a chart illustrating the potential longterm outlook for Bitcoin. As you can see ive made a bear flag which i believe will be playing out in the next 12-48 hrs, although it may happen sooner. I could easily see us having a fakeout to the ~9600 region and from there we can trap more longs to add liquidation to the move downwards. I am short with a target of around 87XX region where i expect profit taking where will occur. I believe that if $9000 is to be broken we could see some significant and violent selling with stop losses triggering as well as liquidations. Good luck out there and Happy trading.