PierreFX

BTCUSD: Going long here for short gains

Long
We just closed green On the weekly. We are currently in a downward wedge that I think will break to the upside and touch about 40,500. I think this can be a pretty decent trade if you want to go long before we see a lot more downside in the near future. Also the RSI is currently highly oversold at the bottom which is a good indication that we will have somewhat of an up trend for a short time.
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