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BTCUSD Reverse Triangle

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BTC peaked on November 23 and then entered a sideways corrective formation.

The corrective formation is called a reverse triangle, and it is characterized by the following features:

Three consecutive lower bottoms (A-B-C)
Two consecutive higher tops (B-D)
With the potential completion of the E bottom of the triangle, we can take a buy position on a lower timeframe if we identify a reversal pattern at the bottoms.

The initial target is a new all-time high.

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