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Bitcoin
Short
Updated

Which way to go?

1 247
Rising wedge , rising channel , bearish divergence, possible H&S print...how long will it take for bears to take over again?
There is still a chance on a short squeeze + bullish cross on the weekly macD so if we fail to dump a last touch of the wedge resistance at 7500-7700 could play out too.
Note
snapshot
38.2% next main support as predicted
Note
snapshot 0.382 hit and bounced. Next decision: 0.5 (to print left shoulder) or break of the channel to the the next support at 0.236 (6510).
Note
snapshot broke the channel and 0.236 support
nestay
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Bearish PatternsBitcoin (Cryptocurrency)BTCBTCUSDChart PatternscryptoDivergenceshortTrend Analysis
nestay
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.