The Broadening Formations, Right-Angled and Descending pattern is a common pattern in Bitcoin trend rotation, which has been formed many times in the trend rotation in the Bitcoin chart. Bitcoin is forming this pattern once again on the weekly time frame. 2 scenarios for Bitcoin are drawn in the chart
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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.