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EminenceGrise
Apr 3, 2020 8:38 AM

BTCUSDT: Rising Wedge. Long

Bitcoin / TetherUSBinance

Description

Good afternoon, dear traders! The previous drop ended at $ 6150. Before reaching the support level of $ 5800 ...

Now they continue to invest big money in the economy. Everyone is waiting for Bitcoin halving. Many traders rely on closing (gaps). All this pushes the price of the Asset up. I think that we have every chance to see Bitcoin at $ 7500 - $ 7600. But this is all a kind of trap. I am still sure that a second bottom awaits us. After accumulation in which we will go up for the present ...

Now I noticed a pattern (Rising Wedge) on the chart. And he depicted his vision of the situation in the near future. It will be interesting to see how it works.

If you like my ideas please hit the like button. I'll be very happy.
Thanks for your support. Have a good day and may the profit be with you!
Comments
LadaToLambo
You know why this guy is the King of the Crypto Jungle?
He gets it, i get it and you can get it to... join me. 14K target for BTC countdown 40 days.
Protixder
Protixder
btc about to breakout
bestfarbit74
nice, that is my point
Trading-Guru
I love it! I also think the rising wedge is a better idea right now than an ascending triangle that many people draw
XForceGlobal
Interesting analysis! It could indeed be seen as a rising wedge, but we interpret it to be more of an ascending triangle for the short term:

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