BTC headed to 6k? Bearish Signals

14 Mar 2018

Heres a look at the small TA i've done today BTC/USD on 4hr candles. Bitcoin is showing major signs of a bearish market we first see the MA 50 crossing MA 200 yesterday. Second we see a bear flag forming, with this i can only predict the right shoulder of the H&S breaking the short term trend(green) and testing the long term trend from the 6k low(red). Here we could see some support and rebound to test the long term trend from the all time high(black). If we break the red trend line then we will test support at 6k.