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tr4d3rvi3waml
Oct 3, 2018 7:37 PM

Falling Wedge on the 4 hourly BTC chart  

Bitcoin / US Dollar IndexBitMEX

Description

Typically we move upwards from a falling wedge. I see us, potentially, hitting around 6380 - 6370 with a move up towards the wedge resistance with a possible break out upwards. Confirmation of break out will be 6480 with a target of around 6680 - 6720. There is also a falling wedge on RSI giving some confluence that we may break up. Will be interesting to see how this play out.
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