Is BTC forming a bearish pennant?
Updated
I'm still pursuing the overall bearish scenario, but I also think it could see a short-term bullish case at the same time.
If a red pennant forms, we would see a rebound to 26.7k-27.2k, followed by a steep decline as wave 5 of the impulse continues. Invalidation on breaking the lower red edge again.
Note
A red box on the upper right is a potential target in a less likely bullish scenario.I'm going to sell more from around 27k up.
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