Two-hour wedge within a wedge
Updated
We are back inside the rising wedge on the daily.
We may move sideways and upward slightly for the next day or so until we hit the daily close resistance level of around $57,400.
When bitcoin falls to the bottom of this little wedge it is currently building, that could be a good time to long your favorite alt coin and wring out a few percentage points on it before bitcoin hits the next resistance zone.
We may move sideways and upward slightly for the next day or so until we hit the daily close resistance level of around $57,400.
When bitcoin falls to the bottom of this little wedge it is currently building, that could be a good time to long your favorite alt coin and wring out a few percentage points on it before bitcoin hits the next resistance zone.
Note
It should start falling out of both wedges again. Look for a bounce around $55,200 for it to jump back into both wedges and continue it's sideways climb. That's when you'll want to get in.
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