Bitcoin
Short

Double Trouble for Bitcoin - H&S + Bear Flag Formations

330
Not the cleanest H&S but it covers the criteria. In parallel, the recent dump also created a bear flag formation.

  • Measured move to previous support level around 6200.
  • Full measured move of the head to neckline would bring us down to 5921
  • Measured move for Bear Flag would bring us to 6025


Furthermore, I recently published an idea that showed similarities with the Dump, starting with a TD9 on Feb 12th. With the recent PA, it resemble closer the hours following the 5.5k dump.

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