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CivilisedWolf
May 31, 2021 8:08 AM

Falling wedge reversal pattern on Bitcoin Long

Bitcoin / U.S. dollarBitstamp

Description

In my last analysis I called for the bottom, and now after some consolidation I think we are in this falling wedge. If we break out from this pattern we can reach targets as high as 60 and 65k. This is calculated by taking the height of the falling wedge.
Comments
moonshot
I agree. But could be a bull trap. Ideally we want to break 42K and see a retest at 39/40 and then go thru 42 again with volume.
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