BTC at crucial phase?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
51 0 0
Two conflicting theories:

Long-term trend - down. Wedge breackout if its down will take it to about 300.

Declining wedge formation means possible breakout to 770 range. Also RSI is in over-sold territory, so it can go up from here.

Inclined towards a buy with stop loss at 440.
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