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Will BTC Breakout or Breakdown ?

Por Wolf_Of_Alt_Street
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In the previous analysis we saw BTC in a bearish pennant or a symmetric triangle formation which first broke to the downside but then an impluse brought the price back inside the triangle due to which now BTC in a daily time-frame is forming a DESCENDING TRIANGLE (Lower Highs and series of Lows) which is believed to be a bearish pattern and suggests that the downward momentum is building and a breakdown is approaching but since we know how BTC never fails to surprise the market participants we'll wait for it to see how this scenario plays out.

For Educational Purposes only (DYOR)
Trade ativo
Broke to the upside in the mentioned zone.
Nota
Target 1 Achieved
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDChart PatternsDescending TriangleTechnical AnalysisTrend Analysis
Wolf_Of_Alt_Street
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