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Crypto takeaways from Davos: Politics and money collide Tennessee city clears path for crypto mining, data centers with new zoning rules Former Exchange Employee Sentenced to 4 Years for Selling … Railgun launches ‘plug-and-play’ privacy DeFi layer for Ethereum

Trading View May 28, 2022

Bitcoin Impending Reversal

Bitcoin Impending Reversal

Bitcoin Impending Reversal

Bitcoin / TetherUS BINANCE:BTCUSDT

Charts_N_Candles

Bitcoin has now spent 14 days forming a Descending Triangle .

Parameters
1. Price has touched upper and lower trendlines at least twice
2. No blank space in the pattern
3. Volume is sloping downwards across the pattern with no breakout yet
4. Waiting for breakout above the downsloping trendline for confirmation

*Busted downward breakout highlighted (price dropped <10% and returned into triangle pattern within 2 days.

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