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What Could Bitcoin’s “False Breakout” Pattern Mean?

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What could bitcoin’s “false breakout” pattern mean? Bitcoin recently attempted to break above a key trendline resistance and triangular pattern formation. However, it appears bitcoin has failed to stay above that key resistance level and today BTC has fallen below that level. But could this mean? What do “false breakout” patterns mean in technical analysis? We ask Jack Schwager for his view as well and look at the charts. #Bitcoin #BTC #AlessioRastani

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6 Comments

  1. Ultimately where Bitcoin is going is into a big stored pile of Bitcoin but there won't be any goods and services to buy with it because society will have unraveled before bitcoin gets to $100k. But hey, you'll have a lot of bitcoin.

  2. 15:32 Amazing video! It just takes patience and perseverance to value the true nature of bitcoin. Prices rocket up inconceivably bitcoin on it's way to $20,000. If said thing is to happen, it will be very unwise for you not to know how to Increase your Btc instead of Just Hodlin. I got this tips first hand from lyndon He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings has increased drastically from 2 Bitcoin to 9 Bitcoin in just 4 weeks and some days. I have full confidence in his tradin abilities. You all can reach out to him through [ << Tele-gram >> Crypto_bernhardt''

  3. Do you really have to repeat everything 4 times? Meaning, do you really have to say something then say it again and then 2 more times? So, you say something, but do you then really have to repeat it 3 more times? So, what matters, is that I wonder if you have to repeat everything 4 times.

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