What Happens in Bitcoin after a Bearish Bear Flag Bitcoin Chart Setup?
A Bear Flag cryptocurrency setup is a bearish continuation pattern - This is a market signal that shows the current bitcoin trend is taking a pause/break before resuming the current downward direction of the market price bitcoin crypto.
If the Bear Flag downward continuation pattern forms it signals that the btcusd crypto market is taking a pause/break before resuming the current downwards trend. Bear Flag continuation setup in a crypto downward bitcoin trend is referred to as a falling flag which signals that the bitcoin price is consolidation but keeps moving lower and lower forming a pattern that looks like a falling flag. Bitcoin Traders should pause and wait for a confirmation signal of the Bear Flag cryptocurrency setup before opening a trade transaction based on this bearish continuation chart pattern. Once there is a bitcoin price breakout to the downside then Bear Flag continuation chart pattern is confirmed & bitcoin prices will then continue to move in direction of the current downward market trend.
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