My last chart was about multiple bearish indicators for BTCUSD, including a large H&S pattern forming and a rising wedge pattern, which we broke through to the downside.
Now, we're getting embedded flag within a flag pattern, which is bearish both short and medium-term.
A flag pattern like this does not always guarantee a break to the downside; in fact, the same pattern over the period 12/23 to 12/25 actually broke to the upside in a reversal. However, usually these patterns hold, and this combined with other multiple bearish signals leads me to believe the price will drop significantly over the next days/weeks.
As you can see, I am Long in BTC, as I am in it for the long haul. But if you are a daily or short-term trader, beware!!
Now, we're getting embedded flag within a flag pattern, which is bearish both short and medium-term.
A flag pattern like this does not always guarantee a break to the downside; in fact, the same pattern over the period 12/23 to 12/25 actually broke to the upside in a reversal. However, usually these patterns hold, and this combined with other multiple bearish signals leads me to believe the price will drop significantly over the next days/weeks.
As you can see, I am Long in BTC, as I am in it for the long haul. But if you are a daily or short-term trader, beware!!
Nota
The price has broken down through the bottom of both of these flags. I hope your seat belts are fastened....
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.