BTCUSD - Bear Flag, Bull Trap
-The overall trend is down.
-A bear flag appears to be forming.
-There's hidden bearish divergence on the 1 day chart.
-I think price is about to reverse, and this little breakout has been a bull trap.
We'll see what happens as this develops, but I'm maintaining my bearish bias, for now.
Have fun and be safe!
-A bear flag appears to be forming.
-There's hidden bearish divergence on the 1 day chart.
-I think price is about to reverse, and this little breakout has been a bull trap.
We'll see what happens as this develops, but I'm maintaining my bearish bias, for now.
Have fun and be safe!
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