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steakatrisk
Nov 16, 2017 4:34 PM

Bullish H&S forming on BTC. 

Bitcoin / U.S. dollarBitstamp

Description

Approaching the right shoulder of the formation now which is nicely nestled at the top of an ascending wedge. Pull back to the 7k area which is a big even and provided nice S/R in the past. RSI is also moving into overbought territory on the 4h chart currently, further pushing the idea of a pullback down to 7k.
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