Falling wedge + trend line confluence
After heavy rejections from 48.2K bitcoin appears to be forming a falling wedge. This would lead us straight into a confluence zone I have had marked for a while ! The top trend line is the most probable cause of action with a bounce in the 43.8-7K region. The second theory is a bounce off the lower green line at the confluence of 42.8K.
Ill keep you updated as this PA progresses :D
Ill keep you updated as this PA progresses :D
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