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$BTC 1D Chart Analysis 🔎
Top Down Analysis Continued...
Mixed signals 🚦
Here we can see some candle closes that would appear to be building a clear bear flag.
If this rally fails and price action breaks the bearflag downwards, before the completion of wave 5.
We could be looking at some likely downside targets of approximately...
$BTC Downside Targets
1) $34,691
2) $27,708
IF price breaks upwards we could see price action return to near $77.9k.
IF price action can get back above the top trendline of the bearflag within the next few days we could see $90,678.
Price is below some important 200MA's in multiple timeframes.
That is imortant and over all BEARISH! 🐻
LOOK ABOVE AT THE PINK BEAR FLAG! 👀
This looks EXACTLY like the moment before the breakdown of the pink bearflag.
Lets see what happens...