BTC is going down -30-50% / bear flag
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Bear flag pattern
A bear flag pattern is typically discernible on a candlestick chart. It is constructed from the flag pole, which indicates the rapid decline preceding the retracement, and the flag itself represents the actual retracement.
As a trend continuation pattern, the bear flag chart is considered a trend continuation pattern. The price pattern will first trend downward until a new support level is established.
It’s heading down to $30000 then $20000 IF THE pattern succeeded .
All the best..
