BITCOIN -8/9/2022-
• Flag pattern formation on daily chart
• Trend is bearish for bitcoin
• Flag is a continuation pattern, breaks out in the direction of the preceding move
• On the above chart, we can clearly see a breakout to the downside
• Additional losses expected for the BTC
• Trend is bearish for bitcoin
• Flag is a continuation pattern, breaks out in the direction of the preceding move
• On the above chart, we can clearly see a breakout to the downside
• Additional losses expected for the BTC
Ramzi Abou Abdallah, CFTe, CMT
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