FX.co ★ BTC 10.04.2019 - Sell zone for Bitcoin, bearish flag in creation

BTC has been trading downside as we expected yesterday. Our yesterday's target at $8,046 has been met. Most recently, I found that bearish flag is in creation based on the 1H time-frame.

Purple lines – Bear flag

Purple falling line – Expected path

Green rectangle – Important support

My advice is to watch for selling opportunities on the BTC since it is still in the downtrend. The downward channel is active and there is more chance for downside. Potential downward targets are set at the price of $8,046 and $7,755.