AlanSantana

πŸ“‰ iShares Bitcoin Trust Bearish Signals (26.42 Next)

Short
BATS:IBIT   iShares Bitcoin Trust
βž– 5 up-waves pattern detected.
βž– Wave five ends as an "inverted hammer" candlestick pattern.
βž– The inverted hammer is followed by a strong bearish candle (confirmation of the pattern); the biggest bearish candle since 11-Jan.
βž– Highest bearish volume right after the top signal.
βž– Bearish divergence on the RSI.
βž– Many GAPs left open on the way up.
βž– Confirmation through correlation to other related markets, i.e., Bitcoin and Coinbase.

πŸ‘‰ Correction target can happen between 25.18 to 27.66.

Thank you for reading.

Namaste.

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