BITMEX:XBT   Bitcoin / U.S. Dollar Index
In a descending broadening wedge . This is a bullish pattern usually indicates a reversal of a trend.
Currently testing resistance. Resistance has been tested twice and the bulls are looking strong. We can see an increase in price upto the top of the channel if we break up.

The bearish scenario can take the price down to 30k-28k

I'm just currently waiting for verification of a breakout or rejection before entering a trade.


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