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One more $BITCOIN ETF application

This time Bitwise refiles for $BITCOIN spot ETF following BlackRock

Are we back in 2018 or what? 😂

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WeTrade Educational Post ✅️

Descending Channel Pattern

🔅A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels.

🔅The descending channel pattern is also known as a “falling channel” or “channel down“.

🔅A descending channel looks similar to the Rectangle pattern, but the difference is that the descending channel slopes down.

🔅In the case of a Descending Channel chart pattern, the stop loss should be placed at the previous low of the pattern.

🔅The limitation for the target will be the previous resistance level which was formed before by the price action.

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