Bitcoin Bear Flag Tells Us EVERYTHING!

“Bitcoin's bear flag is telling us everything, including an important clue into where Bitcoin is heading. These bear flags have very predictable patterns. And don't take my word for it. We can verify this in the charts. So let me go ahead and show you what I'm talking about. We're gonna be talking about this bear flag and its potential breakout and how this bear flag is giving us an important clue into where we're gonna be heading.”

“And if we measure this in daily candles, this candle, all the way until we finally put a lower low in, was seventy one days. Seventy one days we were in this bear flag formation, not including the pole. Well, let me go back to the old bear market. This was seventy one days... So essentially, the same amount of time.”

“Now I say this all the time, bear market bottoms for Bitcoin are always ended with a failed bear flag. And you can see the failed bear flag right here. We have the flag pole. We have the flag formation. Kinda started to go low. We're still in the range, and then boom, it just off into the races. And so this was a failed bear flag that ended up marking the bottom.”

“We're gonna continue to monitor this breakout. I am expecting a lot of resistance around 85 k. That's gonna be the bottom of this range right here. But, you know, I I did make the prediction. I think Bitcoin goes to 80 k, and then we do one more flush towards 60 k, maybe even dipping into the fifties.”

“Right now, the thesis is playing out, just we haven't seen it start falling yet. But when I see the similarities of these bear flags and these bear flags, makes me think that maybe that was the bottom. And, you know, if you wanna talk about similarities, look at the similarities of the market right here, 2020 and 2021. You just kinda move this over. I mean, there there's already a lot of similarities in this market.”

“We have two flags right here. There's the flag pennant, the bear flag pennant. Here's the bear flag. And we can go ahead and measure these. What do you know? A thirteen day formation and a thirteen day formation. And so I don't know if this is chartists that are watching these bear flags and, you know, maybe measuring, like, alright. I I expect a breakout around seventy days because we saw seventy days here.”