A Pennant pattern has to be preceded by a strong up or down move that resembles a flagpole like we see Bitcoin's movement in recent months.

Rsi compatible with this bearish pennant pattern. Look at Rsi indicator. 5 times rejected by the resistances in the downtrend.

This expectation is in line with my analysis that i expect the continuation of the other downtrend. Please check them too.

This is not investment advice, just my personal opinion. Please give your comments about this analysis.



Bitcoin (Cryptocurrency)BTCUSDBTCUSDTCryptocurrencyTrend Analysis

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