chartpattern
indicator
trendanalysis
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After creating the m formation, let’s expect a pullback to complete the structure
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Dot/btc pair obviously created the m formation, and you know what happens after the m formation, the extended leg moves to complete the formation.
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This analysis is based on the ascending flag pattern of Bitcoin in recent times. Bitcoin looks to maintain movement within the initial rectangular channel before moving into the new channel. For the meantime, I’m looking at Bitcoin going for the previous support turned RR. If the previous support turned resistance holds, we should be looking at going short when...
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