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$BTC QUICK Look 👀
Caught support on the blue trendline, which is the much larger pattern in play.
The pink bearflag is in broadening rising wedge, which is a patterning that breaks to the downside 68% of the time.
The 1 hour 200 MA is chasing price action down.
This is usually not a good sign for the bulls.
If price action cannot get back over the yellow 1hr 200MA, price action will continue to fall to the downside.
NFA, DYOR ⚠️
#Crypto #Trading #BTC