I'm still very Bullish for BTC. The Bear flag appeared at the close of the day I immediately began checking it. This is the chart I've been basing my HODL on. You be the judge, but only time will tell. We had a fairly strong day which I thought might carry on into the Asian session. We may need a day of rest. This chart is more in line with my thinking and mathematical probability even though they each carry a rational amount of weight. Trading has changed to a certain degree since the Chicago exchanges have joined our ranks with more on the way. It's the most fun trading I've had in years.
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Please feel free to comment and like the chart if your in agreement.
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As everyone can see BTC was never able to overcome very weak resistance. Unable to muster any strength due to no confidence in the coin, so it tanked. See my post on "The other side of the coin"
This Bull Flag formation failed and stop losses were hit. If your a HODL your feeling a bit sad this morning. New Bullish action coming however this coin needs to trade above the 50ma before buyers will step in.