Bitcoin technical analysis and trading idea

[bitman007]

Hell Friends , its great to see cryp to market pusing up many bug news coing daily fundamwntaly growing strong . I already shated how today Bitcoin Price Unexpectedly Rises to $6,600, as Market Adds $5 Billion in Hours in news , now its time to share some technical and charting information that akso helps in trading and understand bitcoin movement :

#BTC EU Snapshot ==>> OUTLOOK: Bearish50-day EMA has again played spoil sport. Failure to take out that level validates the ascending triangle breakdown witnessed on Tuesday.Drop to $6,300 remains on cards while prices trade below 50-day EMA of $6,639. 

If We look at  #BTC 15-minute chart ==>> BTC has charted a classic bull flag. A move above $6,600 (upper edge of flag) may lift market sentiment.Very easy to just throw numbers and say it will go 7K or XX or XXX. Very hard to be unbiased. 50-day EMA has repeatedly capped upside the last few days. 

Outlook would turn bullish as soon as 50-day EMA is scaled.Bull flag turned into Bart pattern lately with this one. This range is getting people nervous, it actually feels good. Both 🐻 and 🐂 are scared atm, bear market at its best.

Hope thse technical information may help in tradin idea.

Thanks 

Good Luck 

[williamshennie9]

So based on this, it looks like the price of bitcoin is heading downwards? It may be a good selling signal.