Bitcoin hasn't broken down yet

in bitcoin •  3 years ago 

Don't let em shake you out...

We broke a significant downtrend and some pullback is to be expected.

Something along these lines seems entirely possibly and probable...

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(Source: https://twitter.com/EtherNasyonaL/status/1494599682370248720/photo/1)

Once we break above the flag pattern it's go time again.

If we go below about $38k it would invalidate this pattern, though technically it could still reverse and head higher as long as it doesn't break those previous lows around $32.9k.

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Upvoted! Thank you for supporting witness @jswit.
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Except it seems like it has.

Sure, but from a technical perspective, it has not.

What does that mean? Asking earnestly.