BITCOIN Bear Flag Complete -- Pullback To Likely Resume
After a few days of some slow trading to the upside, we saw bull volumes dwindle and now it's looking like the bear flag is completed as bear start to take over again.
Daily support has already broken, but bulls are striving to hold this support level currently -- not likely to last.
At this point, it's extremely likely that there will be some increasing bear volume and a bigger pullback to test $3,337 support and then $3,130.
Stay safe -- bears are still heavily in control.
Thanks for the post
thanks!
I honestly think that we have already bottomed out because we are officially in the longest bear market ever and the price has yet to re-test that final capitulation level we saw in December.
This is going to be a very long year but this is most definitely the accumulation phase :-D!
Longest bear market -- how do you figure? The last one was 21 months from Dec 13 to Aug 15.
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