BTCUSD - Short Term - Bear Flag

Price came down from the top of the parallel channel to the bottom of the channel and an ascending parallel channel typically breaks down.
However, we are in a larger descending channel, which typically breaks up.

So, we expect the the price to fall but not by much before we test upper resistance. We suspect that there will be a lot of wicks here so, look for volume for confirmation!

Happy Trading :)
Parallel ChannelSupport and Resistance

Smart Crypto Association [ SCA ]
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