THE FLAG FORMATION WHICH FORMED EARLIER THAT COULD HAVE PRODUCE SOME INSTANT SHOT PROFIT FAILED.
THIS CLEARLY PROVE TO ME THAT THE INITIAL BREAK OUT WAS PUMP. AND SAME FORCE OF PUMP WAS APPLY TO DUMP IT. (TALKING ABOUT INTRADAY PRICE MOVEMENT.)
THE CHART BELOW SHOW YOU THAT WITH THE TWO ARROWS POINTING TO THE PUMP AND DUMP CANDLE. STUDY THE SIZE AND FORMATION OF THEM BOTH.
WHAT IS THE PRESENT OUTLOOK ON BTC/USD NOW.
BTC/USD IS NOT LOOKING GOOD FOR INTRADAY TRADING NOW. BECAUSE IT BROKE DOWN OUR FLAG FORMATION TO AN AREA OF INDECISION. PRESENTLY IT LOOKING BEARISH TRYING TO TEST 7450 WITH PREVIOUS SUPPORT AROUND 7780. IF THIS IS BROKEN...THEN PRICE IS HEADING TO A FREE FALL ZONE ALL THE WAY DOWN TO 6500 OR BELOW.
ADVICE BE WATCHFUL ON INTRADAY TRADING... SEE CHART
