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Bitcoin
Short
Updated

BTCUSD: Another Descending Triangle On 1hr Chart

199
Support: $8,250
Open: $8,150
Target: $7,650 (7.3%)
Stop: $8,350 (-6.14%)
Reward: 2.5

Related idea: Price stuck Between 200 Day MA & EMA

BTCUSD: Price stuck Between 200 Day MA & EMA


Remember what happens when descending triangles breakdown?

BTCUSD: Measuring The Move of the Descending Triangle Breakdown
Order cancelled
Never reached breakdown target, pattern dismissed.
Note
Now transformed into a symmetrical triangle, for now:

BTCUSD: Stuck In A Symmetrical Triangle Ready To Break On 1 Hr
dragononcrypto
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Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsDescending TriangleTechnical 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.
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsDescending TriangleTechnical IndicatorsTrend Analysis
dragononcrypto
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Related publications

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.