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BTC Confluence of Channels

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What I mean by this is we are slap bang in the middle of two competing regression channels that being the recent move up and the larger bearish channel from the ATH!

SMA#10 being the 4 year Simple Moving Average which is a thick Green Line
zippy1day
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Elliott WaveMoving AveragesParallel Channel

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Elliott WaveMoving AveragesParallel Channel
zippy1day
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Related publications

Disclaimer

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.