Trend Reversel on Bitcoin with widening triangle
Implications of the Widening Triangle on Bitcoin
Bullish Reversal:
If Bitcoin is in a downtrend and forms a widening triangle, a breakout above the upper trend line can signal a bullish reversal.
Confirmation requires strong buying volume and a sustained move above the breakout point.
Bullish Reversal:
If Bitcoin is in a downtrend and forms a widening triangle, a breakout above the upper trend line can signal a bullish reversal.
Confirmation requires strong buying volume and a sustained move above the breakout point.
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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.
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.