How to Analyze Bear Flag Bitcoin Chart Pattern
This bear flag pattern is found in a Bitcoin downwards cryptocurrency trend.
The bear flag chart pattern is a btcusd crypto trend continuation pattern where the btcusd crypto price retraces slightly with a narrow btcusd crypto price action that has a slight upwards tilt.
The technical sell point is when the bitcoin price penetrates the lower line of the inverted bear flag bitcoin pattern.
The flag portion signal of the cryptocurrency pattern has highs and lows which can be joined by small lines which are parallel, giving it what looks like a small channel.
How Do I Analyze Bear Flag Pattern
The bear flag chart pattern above was just a resting period for the btcusd market prior to more selling. The continuation btcusd cryptocurrency signal was confirmed as the lower line of this setup was broken to the down-side.
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