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Cryptoi0
Apr 24, 2020 5:16 PM

The Bears might actually get their way! 

Bitcoin / U.S. dollarBitstamp

Description

We are currently forming a rising wedge (bearish pattern). There is a lot of resistance between 8100-8600, as well as the golden pocket. There is a potential of a run up to 8600 leading up to the halving, then a retrace down to 5400 following. I have noted my ideal buy and sell zones.

This is not financial advice, I am not a financial advisor.
Comments
Cryptoi0
UPDATE: The original retrace target was not measured correctly. I am updating my buy zone from 5400 to 6300-6500. This would also put it in the golden zone.
transparent-fx
here is what I have on btcusd from a MTA standpoint
Cryptoi0
@transparent-fx, Thanks for sharing.
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