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Dec 24, 2018 10:04 PM

Bitcoin WEDGE Rising wedge 

Bitcoin / United States DollarCoinbase

Description

Hey all. Bitcoin is currently trading inside a bearish rising wedge with bearish divergence. I think we could do one more push towards $4180 before I expect this pattern breaking down again. The success-rate of this pattern is high. I am still waiting for a new low below 3k, and I am short from $4170 with my long hedge from $3300.

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Successful breakdown of rising wedge so far!
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