Bitcoin / TetherUS

🔥 Bitcoin Bear Flag: More Pain To Come?

Yesterday I made an analysis on Bitcoin and the triangle it was trading in. In this analysis I was quite bullish, but sadly BTC gave the entire reversal back, and we're on the verge of falling through the triangle's support.

🔥 Bitcoin: Consolidation Expected - Triangle Analysis


With BTC falling, the current move through the triangle's support is concerning. We might face a deeper correction in the short term.

$48600 is the main support. If this support fails, I'm expecting more pain, targets at the recent lows.

Happy trading!

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