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bottlenekdolfin
Jun 22, 2021 2:51 PM

Downward Triangle and trend line breaks Education

Bitcoin / United States DollarCoinbase

Description

Trendlines are support/resistance. Here you can see a massive downward triangle from after the 20k rally at the end of 2017. There is also decreasing volume until the breakout downward, where we have a spike of volume. After this, we can see that we entered the bull market after finally breaking the downward trendline in April 2019.
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