📉 The Bear Flag: A Brief Pause Before the Next Leg Down
The Bear Flag is a bearish continuation pattern. It essentially tells you that the sellers are just taking a coffee break before resuming the beatdown.
$BTC Definition: A temporary consolidation or "pause" that occurs after a sharp price drop, indicating that the prevailing downward trend is likely to continue.
$SOL Flagpole: This is the initial, sharp, aggressive price decline that forms the 'pole' of the pattern, showing intense selling pressure. 🐻⬇️
$ETH #bearflag #BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #USJobsData