Messy Bear Flag for Messy Bitcoin!

As expected in previous chart, no way that support was holding up
Will bears let us have a bounce at 5950? Strong support in that area, it just seems too easy to predict so we will have to wait and see.
I think we will get a short term bounce off there but eventually revisit and go lower! Worst case scenario we have a tiny little bounce then we get stopped in our tracks before more dumping.

Kommentera:

Bitcoin is forming what we call a Bart simpson head on lower time frames :p
It's when a random big green candle forms to liquidate short positions then side ways trading happens followed by a large red candle!
It's been happening the past few weeks, i don't trust it!