Technical analysis by lauralea about Symbol BTC: Sell recommendation (5/25/2022)

It appears BTCUSD is in a small descending triangle today which I hate to say, resembles a Bear Pennant which is similar to a Bear Flag. BTC looks to be battling the resistance of the top trendline of this triangle/flag or whichever you choose to call it. Both have a bottom trendline that is support unless broken. The top trendline is resistance and BTC has not broken through it. It looks more like a Bear Pennant to me but it is still a neutral pattern until a trendline is broken.Pennants/Flags are a neutral patterns and it is possible to break to the upside even though most folks think of these as bearish and opposite of a Bull Flag. A Bear Pennant and Flag begin with a sharp move to the downside which forms the pole. IF this pattern breaks to the downside, the pole is on the long side. Some guesstimate targets of pennants and flags by extending the length of the pole to the downside, but price may not fall 100%. Price can fall more or less than the 100% level.Targets for a rectangle can be guesstimated by measuring the width of the rectangle and projecting that number from the trendline price breaks through. A trend in that direction is also a plus before entering a short or long from a Flag or a Rectangle.The green dashed lines are fib levels of the entire trend up, or the impulse wave. BTCUSD has passed the 50% retracement of the impulse wave up.A Doji is a candle of indecision. A LL (long legged) doji is also a candle of indecision and can sometimes point to support with it's bottom shadow.Even the 200 DMA is sloping downNegative Volume remains high. Most know this can be a volatile security.No recommendation.Be safe//LauraWinning can be playing a poor hand well (o:6/5 Price appears to be in a tight consolidation phase, which does not show on this chart as it was posted over a week ago and it is like a photo that does not change once it is posted.Price did break through the resistance trendline of the triangle structure but the move was not sustained. There are now 3 small green candles that have not broken the resistance of the red candle 4 days ago.Counting back to 8 days ago, I see a nice green candle. Price made an attempt to go even higher. A spinning top/doji formed representing indecision. A decision was made with a red candle that is acting as a source of support for now. Price seems to be teetering for now. and is consolidating.It feels like price wants to bust a move right now and I have the feeling it will be a decisive move in one direction or the other. The question being, which way will price break?