Technical analysis by crypto_poet about Symbol BTC: Sell recommendation (8/17/2022)

Just having a coffee break in between my work duties. The Penguin indicator again is sitting on the chart. I can imagine we are in a danger zone here with 2 possible scenarios. I am presenting the more likely one. Weak confirmation of this rising wedge (bearish pattern) and sudden, rapid move to the downside. If current target won't hold, 20k will turn into resistance. For now if this isn't a fakeout (also possible), we are looking at sub 20k as target zone for BTC within the next 3-4 weeks. This move could be accelerated (affected) by external factors.tradingview.com/chart/C1WuNHGK/?symbol=BITSTAMP:BTCUSDNo LONG until price locks daily above 22k (atm)$18363 😶