Hello dear crypto friends, hope you're doing well! ;)
Bitcoin is now in a solid Bear Flag both on the Daily and Weekly chart.
In case the bears see the break, we have first of all the $7k psychological region + S&R Zone from the prior move higher as you can see on the left hand side.
If the $7k don't hold, only then we can look towards $6k.
Very important: We haven't broken down yet, so the bulls can technically still turn this around (which is the unprobable scenario right now).
Runar is now red on the Hourly, on the 4H we're still red from the $10k break.
If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other people then. Make also sure to follow us so you get notified on our analyses! I wish you a good trading! :)
Edgy is providing online education & indicators only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Bitcoin is now in a solid Bear Flag both on the Daily and Weekly chart.
In case the bears see the break, we have first of all the $7k psychological region + S&R Zone from the prior move higher as you can see on the left hand side.
If the $7k don't hold, only then we can look towards $6k.
Very important: We haven't broken down yet, so the bulls can technically still turn this around (which is the unprobable scenario right now).
Runar is now red on the Hourly, on the 4H we're still red from the $10k break.
If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other people then. Make also sure to follow us so you get notified on our analyses! I wish you a good trading! :)
Edgy is providing online education & indicators only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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