Advin

BTCUSD Bitcoin Bear Flag Formation???

BITFINEX:BTCUSD   比特幣 / 美元
Take a look at my chart and see if you agree. Lots of aspects are showing bearish signals to me, the $8-9K zone looks like the next level it could drop to. This is just an idea, with some targets put in to show bear flag technical analysis .



Disclaimer - I'm a novice trader learning technical analysis . Please do not take this as investment advise, also if you have anything to add or critique please feel welcomed to comment, I'm looking to learn and refine this process. Thank you.




Thanks to you both. It broke down but stayed right in that triangle heading to the apex. Break out happening soon enough. 10K support is super strong, this might be our bottom, time will tell!
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thanks, very usefull
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Good Idea! I am a novice as well and have something similar on my charts. I have notice 3 or 4 bearish indicator in the past 2 days and believe 8-9k is going to happen as well. However 10k is a big support zone.
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