Bitcoin | New low ?
In 4h time frame and short term in general BTC looks bearish.
- Bear flag has formed and already broke it's support.
- MACD crossed bearish.
Tips to trade bear flags:
- The Bear Flag Pattern is a bearish trend continuation pattern
- The best times to trade the Bear Flag is when the price is near the Moving Average or the first pullback after a break of Support
- You can enter a Bear Flag on the break of the swing low or a trendline(already broke the trendline).
- Using volumes will help to be sure it's a flag pattern.
- Bear flag has formed and already broke it's support.
- MACD crossed bearish.
Tips to trade bear flags:
- The Bear Flag Pattern is a bearish trend continuation pattern
- The best times to trade the Bear Flag is when the price is near the Moving Average or the first pullback after a break of Support
- You can enter a Bear Flag on the break of the swing low or a trendline(already broke the trendline).
- Using volumes will help to be sure it's a flag pattern.
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