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CRfinil
Mar 26, 2020 9:11 PM

BTC rising wedge -> bear power Short

Bitcoin / TetherUSBinance

Description

BTC is forming a rising wedge pattern on daily chart, which indicates new bearish movement in short term.
Stochastic RSI supports this scenario too with very high values near the 100.0 max swing interval of this indicator.

Target is 4.2-4.4k
Comments
Protixder
expecting btc long
CRfinil
@Protixder, I can follow your idea and it could be a rising triangle but it looks more like a wedge so bearish for me.
Protixder
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