Bulls lose! Strike three and you are out!

We see on the bitcoin daily three failed rallies! This is a code red and the bears have won the war! Bitcoin will continue down to 3k or even lower at this point.

There is a huge bear flag posted on the daily and this is not a healthy sign especially since bitcoin has failed three continued efforts to break back out.

I really hope I am wrong but I dont think I am and many sources are concluding the same. This may be the new death of bitcoin. Longer term I am still bullish but this week will be the temporary death of this phoenix.

Bulls put up a good fight but it wasnt enough for the bears. It seems Bitcoin was a ponzi scheme after all.

Question is how long can you hold these bags?