BTC Bear Flag Formation. Bears having an all you can buffet!
There is currently a bear flag formation on BTCUSD. If this is broken the flag pole target points to the area of $5700 area. It will be interesting to see how this plays out.
Once the recent lows are broken we will enter into uncharted territory, huge retail selling will ensue, especially those who were 'hodling', The whales will slowly start accumulating.
Once the recent lows are broken we will enter into uncharted territory, huge retail selling will ensue, especially those who were 'hodling', The whales will slowly start accumulating.
Okay, as said earlier the bears have been merciless they want to tear BTCUSD apart. Because of this the the flag has been broken.
The next target for BTCUSD is 6355 and then the most important level that is 6089.
*This is intended for educational purposes only and not financial advice*