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Bearish Flag
was formed on 09.10 at 21:25:34 (UTC+0)
signal strength 1 of 5

Bearish Flag #Bitcoin M5

The Bearish Flag pattern has been formed on #Bitcoin at M5. The lower boundary of the pattern is located at 60888.60/61073.88 while the upper boundary lies at 61091.82/61277.10. The projection of the flagpole is 55554 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 60888.60 is broken, the price will move further downwards.

The M5 and M15 time frames may have more false entry points.

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Instrument
Timeframe
Trend
Signal Strength
 
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