Technical analysis by wuliwong about Symbol BTC: Sell recommendation (9/6/2022)

We see a bearish pennant has formed on the BTC daily with decreasing volume. The measured move for this is using the last impulse down from the breakout from the pennant. This lands us at $17,367. Several of these bear flags and pennants in a row BTC. Hopefully for us crypto lovers this bear market turns around soon but I think we are in for at least one more decline. We still have the bullish shark pattern which needs to hit around 10k to complete. Not a lot of reasons to be bullish on BTC, yet.