Bear Flag on the 4H

١٨ يونيو ٢٠٢١

After having rejected off the 200 EMA YELLOW support line Bitcoin is forming a BEAR FLAG on the 4H time frame just above the GREEN supertrend indicator SUPPORT line. A confirmation of the BEAR FLAG will also trigger a short signal on the supertrend indicator creating a RED line of RESISTANCE. The RSI is still technically not oversold and has room to drop.

Stay cautious! And do your own TA!