unconfirmed breakdown of the bearish flag pattern
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
It seems Bitcoin is forming a bearish flag pattern. we can find a breakdown in this pattern, but we still can not confirm this breakdown for the following reasons:
1- the Volume is to low
2- The price has not left the Break Down area quickly
3- We can not identify a strong red candle
To confirm this breakdown, Bitcoin must first breakdown the Renko swing pattern.
If the price returns to the flag pattern , the current failed breakdown can be considered as a potential spring .
