„The upswing was looking strong at the very beginning but the price stopped on the 9800 USD resistance (blue). The bounce from the blue level gives us a short-term sell signal „
That was a good call, exceeding even our predictions. What happened was, that the price indeed bounced from this level but the drop was extended in time and did not happen only in the short-term. It is being continued till now. The price dropped from the 9800 USD to the 8070 USD seen currently on the screens. Apart from the pennant (pink lines) mentioned in the last analysis, we also got the flag (orange lines), which is a negative factor. The sell signal from the flag is already active as we broke the lower line of this pattern.

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