Today I would like to show a bearish possibility of the further BTC course. In my opinion, one should also consider a contrarian alternative at any time, especially with steadily rising prices.
Here I show a bear pennant (Rising Wedge) which appears valid, except for a FakeOut of the upper channel boundary. The breakout below the lower channel boundary and the SMA50 are to be considered bearish at least in the short term as these could now serve as potential resistances, also the volume was increased on this occasion.
Hint: Currently, the uptrend remains intact, this bear pennant represents a potential reversal formation.
_____________________________________ This is not financial advice and or buy or sell recommendation. The chart and its content as well as the associated text reflect only my private views and opinions.
👉DU willst das Trading lernen & bist berufstätig?
👉DU willst langfristig an der Börse Geld verdienen?
👉DU weißt nicht wie du alle Informationen bekommst, die du benötigst?
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.