Bitcoin
Short
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Bearish Dragon Pattern to Unfold

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The direction and target are same as my previous analysis:

[Past Article] BTC Weekly Bearish Sea Pony Pattern
BTC Weekly: Bearish Sea Pony pattern


For the Dragon Pattern, please refer to my past articles.

[Past Article] Bearish Dragon Pattern Unfolding: Beware ofIncreasing Bearish Momentum
Bearish Dragon Pattern Unfolding: Beware of Increasing Momentum


The forecast is bearish. I expect a rebound at 83-84k and 73-76k, with the worst-case scenario predicting a drop to the high 60k range (68k plausible).

The chart displays my newly developed "EMA Triangle Momentum Indicator" this time. The color-changing band and the elongated purple triangle represent the loss of bullish momentum (I'm preparing an article to explain the principle of this indicator).
Trade attivo
Chart update.

istantanea

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