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Nugacity_Fracedinous
Feb 5, 2021 12:11 AM

Bitcoin potential rising wedge 

Bitcoin / U.S. dollarBitstamp

Description

If you look at my previous related idea, Bitcoin broke the first triangle upside and it doesn't seem to be a fakeout at the moment.
Bitcoin could form a potential rising wedge giving an opportunity to play both short and long for swing traders and scalpers or DCA for holders.
It could recover 42K this month and breaking a new ATH around 45K if February performs the same performance as January.
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