BITSTAMP:BTCUSD is at the peak of a descending wedge pattern. This is a good opportunity to enter a sell position as we look to again attack the resistance at the bottom of the pattern and seek new lows.
but pricecan still go higher like right now. Also bearish divergence and gap in CME futures
skjcolvin
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@Bitcoinblue, Price has dropped off slightly and is currently inside descending wedge. Without an impulse upwards, there doesn't seem any bullish momentum currently.
Nothing in the macro outlook suggests that such a rising wave is coming in the near-term.
Happy to get your further thoughts and happy trading!