BitcoinUpdated BTC - Looks like a Descending wedge with 12380 target
if the wyckoff phases A through C are drawn on the chart then this looks like a Descending wedge to me .
This would also be an accumulation pattern and my thought is the eventual target is going to be the dashed yellow line at the bottom of the chart at around the 12380 zone.
This would also be an accumulation pattern and my thought is the eventual target is going to be the dashed yellow line at the bottom of the chart at around the 12380 zone.
Note
possibly could play out something like this 
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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.