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Bitcoin
Long

Possible cup and handle

76
A cup and handle patter seems to be forming in bitcoin. If the pattern confirms, price will drop to 8-7.9k levels and after this, a new upwards movement will start for bitcoin. This, combined to the macd indicator on weekly pattern beeing close to cros, and the breakout of the descending channel that was confirmed, presents a bullish bias in the market
GuillermoPerez
Also on:
Cup And HandleTechnical IndicatorsTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Cup And HandleTechnical IndicatorsTrend Analysis
GuillermoPerez
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.