Questions
TagsWhat is the technical analysis bear flag and how does it apply to cryptocurrency trading?
pepo saidDec 24, 2021 · 3 years ago1 answersCan you explain what the technical analysis bear flag is and how it is relevant to cryptocurrency trading?
1 answers
- The technical analysis bear flag is a pattern that can be seen in cryptocurrency trading charts. It is formed when the price of a cryptocurrency experiences a significant drop, followed by a period of consolidation where the price forms a flag-like pattern. This pattern is characterized by a series of lower highs and lower lows. When the price breaks below the lower trendline of the flag, it indicates that the downtrend is likely to continue. Traders can use this pattern to identify potential selling opportunities or to confirm a bearish trend in the cryptocurrency market.Dec 24, 2021 · 3 years ago
Related questions
- 89
What are the best practices for reporting cryptocurrency on my taxes?
- 78
What are the tax implications of using cryptocurrency?
- 74
How does cryptocurrency affect my tax return?
Load 5 more related questions
Related Tags
Hot Questions
- 89
What are the best practices for reporting cryptocurrency on my taxes?
- 78
What are the tax implications of using cryptocurrency?
- 74
How does cryptocurrency affect my tax return?
- 73
What are the best digital currencies to invest in right now?
- 67
How can I buy Bitcoin with a credit card?
- 61
How can I minimize my tax liability when dealing with cryptocurrencies?
- 56
Are there any special tax rules for crypto investors?
- 52
How can I protect my digital assets from hackers?