Bitcoin is forming a bear flag
On the 4-hour time frame, Bitcoin is forming a bear flag. This suggests a possible downtrend sooner than expected.
However, in the charts I published earlier, I talked about how Bitcoin was forming a falling wedge. But, Bitcoin's price needed to go down before it would pump for my theory to be valid.
With Bitcoin forming a bear flag on the 4 hour time frame, it seems that my theory is valid.
Watch out for Bitcoin's price to spiral down after it fails to break through its resistance.
However, in the charts I published earlier, I talked about how Bitcoin was forming a falling wedge. But, Bitcoin's price needed to go down before it would pump for my theory to be valid.
With Bitcoin forming a bear flag on the 4 hour time frame, it seems that my theory is valid.
Watch out for Bitcoin's price to spiral down after it fails to break through its resistance.
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