BEAR FLAG - RISING WEDGE - RSI DIVERGENCE for BITFINEX:BTCUSD by cyatophilum

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Hello guys, I don't think if we should be buying at 7200$, what is happening is weird, we see a bear flag broken, followed by this rising wedge , a slight divergence in RSI . I would neither buy or sell right now, this is a no trade zone for me.

Comment:

As expected, just now BTC bounced off his resistance (green line), if it were to break it that would have been the end of the bear market, but it didn't.
Now we are waiting for a new bottom to re-entry I expect to be near the support red line, but will also be looking for bullish signs on several indicators.
Keep you guys updated.

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