NeutronMan

Bitcoin Analysis 5/16/22 (Two Bearish Scenarios)

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BYBIT:BTCUSDT   BTCUSDT SPOT
Bitcoin is forming a potential Rising Wedge and Bear Flag on the 4HR and 6HR Charts. The price targets from these pattern are $26,500 and $20,000. Ascending Channel + Decreasing Volume = Usually Bearish.
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