Bitcoin's current price action (December 2021) bear flag?
Hello all,
The uptrend from July got destroyed with a $16,000 crash before stopping at $42,000. The uptrend which triggered the bull market that started March 2020 hasn't been tapped since the 2nd validation touch in October of 2020. It's been over a year now....be ready for anything.
If we see a rejection from the retest of the broken uptrend it's likely we go much lower which would result in painting a bear flag leading to deviation of Septembers low for liquidity purposes.
(not financial advice, this is my journal)
The uptrend from July got destroyed with a $16,000 crash before stopping at $42,000. The uptrend which triggered the bull market that started March 2020 hasn't been tapped since the 2nd validation touch in October of 2020. It's been over a year now....be ready for anything.
If we see a rejection from the retest of the broken uptrend it's likely we go much lower which would result in painting a bear flag leading to deviation of Septembers low for liquidity purposes.
(not financial advice, this is my journal)
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