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Bitcoin / TetherUS

BTC Decision Point

By romnegrillo
  • Before the drop, we can see a huge rising wedge and a bearish divergence.
  • Now, are seeing the opposite, falling wedge with bullish divergence.
  • If this plays out, we may see another retest around 39-40k.
  • However, if it doesn't we might break the strong support around 30k.
  • We can also interpret the current price action now as a bear flag.
  • The key is to wait before placing trade.
Chart Patterns
romnegrillo

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