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BobRivera990
Jan 12, 2021 6:06 AM

Bitcoin is moving in a rising wedge pattern Short

Bitcoin / U.S. dollarBitstamp

Description

The question for me was, why did Bitcoin stop now?
I came across this pattern when analyzing the weekly chart on a logarithmic scale
Bitcoin is moving in a rising wedge pattern.
If Bitcoin can break the pattern and get a reaction from it, it will rise to 5.618 fib
otherwise it will probably fall to 1.618 Fib
Comments
CollegeofPips
Great analysis ,,, thanks for sharing.
BobRivera990
@CollegeofPips,
thank you very much
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