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Bitcoin Descending Channel
Bitcoin
Short
Bitcoin Descending Channel
By R0MM3LL
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May 21, 2022
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May 21, 2022
Bitcoin descending channel forming a bear pennant, breakdown to sub 20k remains likely.
Options expiry end of May coincides with bear pennant culmination point.
Looking for BTC to reach 200 EMA prior to reversal and starting accumulation phase in preparation for next bull cycle.
Bitcoin (Cryptocurrency)
BTC
Moving Averages
Pennant
Trend Lines
R0MM3LL
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