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BTC Parallel Channels Log Chart
BTCUSD
, 1W
Long
BTCUSD: BTC Parallel Channels Log Chart

Breakout, retest resumption in 2017 of the lower dotted line. Potentially playing out again in May 2021, but with a more extended consolidation before restest of the dotted line. Potential reasons for extended consolidation are easy monetary conditions in 2021 and excessive use of leverage amongst BTC traders.

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