BTC BULL FLAG IN A DOWNTREND | REVERSAL

24 באפר׳ 2023

A bull flag pattern is typically seen as a continuation pattern in a uptrend. However, if you see a bull flag pattern consolidating in a downtrend, it may signal a reversal. This is because the flag pattern suggests that selling pressure is weakening and buyers are starting to gain control. If price breaks to the upside, it could signal the downtrend is coming to an end.