mohammadshams33

BTCUSDT, 15min

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BINANCE:BTCUSDT   Bitcoin / TetherUS
As you can see in the chart, the first up trend took 8 candles to move up about 7.5%. The second up trend took 12 candles to move up about 3.9%. On the other hand, the first down trend took 53 candles to move down about 2.3% and the second down trend took 30 candles to move down about 2.2%. Therefore, it's obvious that the up trend is weakening and in contrast, the down trend is getting more intense. Also the price is trapped in a falling yellow wedge which forms ABCDE pattern for us. In the MACD, you can see a stair divergence. In conclusion, In the short term, my idea is bearish.
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