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Bitcoin bar portugal6/12/2023 ![]() Ultimately, they want to get to the bottom of the bull breakout and demonstrate that the price is within a trading range and not within a bull channel.They need to put the price below the 20-day Exponential Moving Average and then a break below the HST. Bears want a failed bull breakout of the Triangle.Their main goal is to stay within a bull channel and ultimately get to a MM based upon the prior bull breakout. ![]() They will need good follow through on Monday to increase their chances of success. Bulls want the bull breakout of the Triangle to succeed and drive the price towards a MM up.And then, Friday broke above the Triangle. But then, during the week, bulls reversed up, and a Triangle was formed. ![]() The strong bear breakout bar on Monday created the right shoulder of the HST.The patterns moving the price are a Triangle within a Head and Shoulders Top (HST), that happens after a bull Breakout. ![]()
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