📉 iShares Bitcoin Trust Bearish Signals (26.42 Next)

➖ 5 up-waves pattern detected.
➖ Wave five ends as an "inverted hammer" candlestick pattern.
➖ The inverted hammer is followed by a strong bearish candle (confirmation of the pattern); the biggest bearish candle since 11-Jan.
➖ Highest bearish volume right after the top signal.
➖ Bearish divergence on the RSI.
➖ Many GAPs left open on the way up.
➖ Confirmation through correlation to other related markets, i.e., Bitcoin and Coinbase.

👉 Correction target can happen between 25.18 to 27.66.

Thank you for reading.

Namaste.