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Bitcoin Falling Wedge with Positive Divergence

By whaleshark
Updated
BTC is currently forming a falling wedge pattern. It is even clearer in the 1W chart. Both the 4HR RSI and MACD are indicating positive divergence which indicates a reversal. The 1D RSI is also very oversold and I'm expecting a bounce from here to the 11k-12k level.
Trade active
almost at target area
Trade closed: target reached
Bitcoin (Cryptocurrency)BTCBTCUSDcryptoCryptocurrencypositivedivergenceWedge
whaleshark
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