BTC - Still consolidate after the correction

in #bitcoin6 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The consolidation is occuring since 2 days now. I don't like this kind of pattern as we are clearly in a bearish flag. We can see clearly we are not able to do any bounce and we have a high risk to have a second drop. This kind of pattern is never sure but it can at least give a good indication. So let's keep an eye on this consolidation, if you see that the drop starts again it is perhaps an opportunity to follow the trend.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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