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Trading Bitcoin Interpret Bear Pennant Bitcoin Chart Setup

Bitcoin Trade Bear Pennant Bitcoin Chart Setup

This bear pennant chart pattern is found in a downwards cryptocurrency trend. The bear pennant pattern is a bitcoin crypto trend continuation pattern where the bitcoin price retrace slightly with a narrow bitcoin cryptocurrency price action that has got a slight upward 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 setup the look of a small channel - inverted pennant.

Bear Pennant Pattern - Trading Interpret Bear Pennant BTCUSD Pattern

Trading Interpret Bear Pennant Setup? - 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 Setup

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