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PriceActionSpotter
Dec 19, 2021 4:55 AM

BITCOIN FALLING WEDGE PATTERN  

Bitcoin / U.S. dollarBitstamp

Description

BITSTAMP:BTCUSD is currently consolidating in a falling wedge pattern (hourly tf) after a steep drop. look to enter after close of breakout.

Targets are open. Hold till momentum lasts. However there is good resistance it may face. (marked on the chart)

A breakdown may also follow, continuing the bearish momentum.

FIRST CRYPTO ANALYSIS.
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