Hi friends! Welcome to this update analysis on Bitcoin!
This is a short, quick warning. I want to get this out fast. You can see that today's small bull flag bounce, has now rolled over, and turned into a big nasty bear flag . Price is now back under the rising green dashed trendline . After a weak bounce today, it looks like prices are poised to fall lower, possibly to test the bottom of the pink channel. Be on guard, because today's bounce appears to be failing. Be very, very careful right now. I would recommend very tight stops if you're long (for educational purposes only.)