Hey everyone, I just want to share what I think the next move for BTC is. It's forming a bear flag and it is approaching major resistance. The past two bear flags formed have resulted in bearish movement and I expect to see it take the same route this time, as it is regularly failing to break 50 EMA. It is also nearing the top of the downwards channel, which will act as major resistance. Volume is also decreasing, so I expect a break out soon.
Thank you, all feedback is appreciated.
Thank you, all feedback is appreciated.