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BTCUSD Weather Forecast; a Bearish rainy Memorial Day Weekend

By MinerChad
On the 4 hr chart, BTC has printed a Bear Flag or (ascending bearish wedge ), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI is showing us Bearish Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.
200ma50maAscending ChannelBearish PatternsbearishdivergencebearsignalChart PatternsdowntrendTechnical IndicatorsRelative Strength Index (RSI)Trend Analysis
MinerChad
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