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f-73
Apr 24, 2018 6:57 AM

Careful now. 

Bitcoin / U.S. dollarBitstamp

Description

Rising wedge, congested RSI.

Comment

RSI on 1D:

Either breaking support or moving up to next resistance ( short squeeze likely ).
Comments
f-73
COMMENT

It's not "Long", nor "Short" for now, my friends.
Better to stay flat and buy the break-up or a pullback.

Keep an eye on RSI, as it's close to hyper-bought.
Yet it's painting an ascending triangle qhich break-up with target 80+, eventually.

While a correction is more likely, a short-squeeze ( we are in a key resistance area ) and a FOMO fueled parabolic rise cannot be excluded so far.
be careful.
f-73
COMMENT

It's not "Long", nor "Short" for now, my friends.
Better to stay flat and buy the break-up or a pullback.

Keep an eye on RSI, as it's close to hyper-bought.
Yet it's painting an ascending triangle qhich break-up with target 80+, eventually.

While a correction is more likely, a short-squeeze ( we are in a key resistance area ) and a FOMO fueled parabolic rise cannot be excluded so far.
be careful.
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