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andrewlopo
May 22, 2019 6:06 PM

Bitcoin Triangle formation for possible bearish trend correction Short

Bitcoin / United States DollarCoinbase

Description

After initial strong bearish relief and the countering rally of the bulls, the market has been floating in a significant range also forming a symmetrical triangle.

Due to huge resistance and possible gaps in the still overall bullish trendline on 4h. A strong break and close below triangle walls could indicate further bearish relief but strong bullish diagonal TL support is met leading to profitable RR.
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