My2Sats

BTC Update! Potential bear flag shaping up. EMA Resistance

COINBASE:BTCUSD   Bitcoin
Not a ton of movement since yesterdays bear break on BTC. Charts are showing a bear flag taking shape so have outlined that here. Bulls made a small bull move with some volume briefly just to see the bear pile in as it approached our first EMA (12 EMA). Bulls really need to get above the EMAs to start to negate this bear flag. Another day of patience and waiting to see what occurs. Have no personal interest in a position here and doesn't seem any bulls or bears do just yet as the bulls wait to see if EMAs can be beaten and bears wait for confirmation of the bear flag.

Just My 2 Sats!
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