BTC Bearish Flag Scenario/Prediction
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Hi All,
As you can see, BTC is currently still inside this red flag-looking channel.
In the scenario where it breaks down, I am looking for a retest of the major logarithmic trendline at around 28k (seen in black), just below the support level at 29k .
This area would be a fantastic long term buy area with many convergences and an oversold RSI on the weekly.
Let’s see.
MM 🙂
