andrewlopo

Bitcoin Triangle formation for possible bearish trend correction

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COINBASE:BTCUSD   Bitcoin
After initial strong bearish relief and the countering rally of the bulls, the market has been floating in a significant range also forming a symmetrical triangle.

Due to huge resistance and possible gaps in the still overall bullish trendline on 4h. A strong break and close below triangle walls could indicate further bearish relief but strong bullish diagonal TL support is met leading to profitable RR.

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