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FX.co ★ #Bitcoin M5: Bearish Pennant

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Technical Analysis Patterns

2026-08-14T06:37:39
Signal strength 1 of 5

#Bitcoin M5: Bearish Pennant

Bearish PennantThe Bearish Pennant pattern has formed on the #Bitcoin M5 chart. A break below the pennant low at 63126.18 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by #Bitcoin