Bear Flags and a Bearish (but Hopeful) Parabolic SAR

Looking at the graph, we can see that the inverse head and shoulders refuses to reach it's potential for now, and, in the meantime, price has spiraled downwards. Whether it be the Mt. Gox whale (who isn't supposed to sell more Bitcoin until September at the soonest) or simply a natural market movement representing the opinion of the people regarding BTC, the drop doesn't seem to be done. Volume is slowly picking up, which is a good sign looking at the graph; every large volume spike of comparable size to the recent volumes has generated a large reversal, but these reversals did not always last; however, volume generally does fall lower before a significant downtrend begins again. In contrast to this bullish sentiment, a large bear flag is forming (swing trade at your own risk), and flags tend to be reliable in Crypto. However, a slow Parabolic SAR, which called the movements well in the past, seems to be closing into the price; another full wave to the top of the bear flag would trigger a buy signal if you were following the SAR, switching the trend to bullish via that indicator. To be honest, BTC doesn't seem to want to make sense, so set your stop losses well and your buy-marks with caution.

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