If the lower green trend line is not broken, the existence of a descending triangle is confirmed. However, I don’t think this line will be broken because 4 triple waves have been formed so far and the fifth wave, wave E, is completing or may have already completed. So I think Bitcoin will start an upward movement soon.
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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.