it's hard to explain this on a small screen but simply put, it's a wave 5 combined with a Gartley pattern that looks bearish IMHO. besides that, I don't see this channel as a good impulse for bitcoin to go up, might be a leading diag yes but I never use them to trade.
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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.