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nine11cali
Jun 4, 2018 1:29 AM

Rising wedge 

Bitcoin / U.S. dollarBitstamp

Description

NEUTRAL TO SHORT in the short term hours to days

Looking at basic chart patterns, there is a rising wedge indicating a significant drop soon. The volumes have been low and down trending this entire move up. This is a less impressive on a volume scale than the short squeeze that drove prices shy of 10k. Next couple of weeks looking more bearish. Sell in May was right, we are still early in June
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