Btc looks to be making a descending triangle here. Expect significant downside with this move as we are at the top of quite a run. Always a chance it could curve up after the drop, but I don't find it likely. My fractal I have laid over top of the movement has been pretty spot on. If you agree throw me a like and follow me for more unique concepts and ideas.
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6 hour chart Volume weak Not expecting this to go any further.
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This type of descending triangle experiences a premature upward breakout
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My fractal was positioned a little wrong for this idea this alignment makes more sense
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Looking like a double top after the premature breakout of the descending triangle. There is only one descending triangle that goes to the upside before falling very hard. This is confluent with the movement I am seeing. This would confirm a move towards 17833. Will update with more targets if this continues to play out.
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I like this trendline confluence better.
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The rare, and elusive descending triangle that pumps up before falling.
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Did my best to disprove the bullish bias and could not. This brings me peace.