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BTC Bearish Flag Scenario/Prediction

BTC Bearish Flag Scenario/Prediction

BTC Bearish Flag Scenario/Prediction

BTC Bearish Flag Scenario/Prediction

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
marketmusician


BTC Bearish Flag Scenario/Prediction

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 🙂

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