BTC bear flag brewing - 45k by mid December?
BTC continues in the descending channel on HTF
Now a clear bear flag is developing with rising wedge
Downside target of 45k by 11th December
Once we hit the target we should expect a bounce, followed by a lower high as we continue to consolidate to the downside
Max pain will ultimately be hit by end of January as we reach the end of the new 60 day cycle
Expect continued choppy and ultimately downside PA until then....
Now a clear bear flag is developing with rising wedge
Downside target of 45k by 11th December
Once we hit the target we should expect a bounce, followed by a lower high as we continue to consolidate to the downside
Max pain will ultimately be hit by end of January as we reach the end of the new 60 day cycle
Expect continued choppy and ultimately downside PA until then....
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