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Trading Bitcoin Interpret Bear Pennant Bitcoin Chart Pattern

Bitcoin Trade Bear Pennant Bitcoin Chart Pattern

This bear pennant chart pattern is found in a downwards cryptocurrency trend. The bear pennant pattern is a bitcoin crypto currency trend continuation pattern where the bitcoin crypto currency price retrace slightly with a narrow bitcoin crypto currency price action that has a slight upwards tilt. The sell cryptocurrency signal is generated when the btcusd crypto price penetrates the lower line of the inverted bear pennant pattern. Pennant portion of this bear pennant chart pattern has bitcoin price highs & bitcoin price lows that can be connected by small lines that are parallel, giving the bear pennant bitcoin crypto currency setup the look of a small channel - inverted pennant.

Bear Pennant Pattern - Trading Interpret Bear Pennant BTCUSD Chart Setup

Trading Interpret Bear Pennant Chart Pattern? - How Do I Read Bear Pennant Pattern

The bear pennant cryptocurrency pattern above was just a consolidation period for the bitcoin market trend prior to more selling and resuming of the downwards cryptocurrency trend. The continuation cryptocurrency signal from the bear pennant cryptocurrency pattern setup was confirmed when the lower line of this bear pennant cryptocurrency pattern was broken to the downside after which the bitcoin price headed downward.

How Do I Read Bear Pennant Chart Pattern

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