28 Jan 2022
BTC Bear Flag - Continuation Down

BTC is still in a strong downtrend, with the most recent attempt at a reversal failing to gain steam. Price has created a small parallel channel up off the lows - a textbook Bearish Flag pattern.

Expect the see a break below the lower boundary of this channel for a bearish continuation.

A break below the swing low would be confirmation of continuation of the downtrend.

Still aiming for the big psychological level of 30k mentioned in previous ideas in the charts below - in a downtrend like this, these big round numbers tend to act like magnets. Remaining patient.

BTC - 2 Head and Shoulders scenarios

BTCUSDT Don't be a hero!


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